VanEck’s director said that “a giant whale is pushing the price of bitcoin in 2017” to reverse the causal relationship

Recently, VanEck director Gabor Gurbacs forwarded an article in Bloomberg about "A giant whale boosted bitcoin price in 2017" and commented, "I continue to understand the basics of bitcoin/encryption market structure and the rationale for causality for professional scholars. Disappointed. The rise of Tether is the result of bitcoin and encryption demand (organic growth) during periods of high growth."