>https://www.bloomberg.com/news/articles/2019-11-04/lone-bitcoin-whale-likely-fueled-2017-price-surge-study-says
>A Texas academic created a stir last year by alleging that Bitcoin’s astronomical surge in 2017 was probably triggered by manipulation. He’s now doubling down with a striking new claim: a single market whale was likely behind the misconduct, seemingly with the power to move prices at will.
Confirms Preston Byrne's bearish thesis, that Bitcoin and wider crypto booms are created by exchanges suffering from liquidity problems as an attempt to pump-and-dump their way out of them, all the way back to Mt. Gox:
>https://prestonbyrne.com/2019/05/03/on-the-looming-bitcoin-bubble/
>Dramatic run-ups in the price of Bitcoin strangely seem to coincide with large exchanges having banking, withdrawal, and possibly solvency problems. This was the case with, e.g., Mt. Gox in 2013, and some have argued was also the case with long-suffering crypto exchange Bitfinex in 2017.