Babbitt column | Cai Kailong: Bitcoin prices are manipulated! Do you dare to hold it?

Author: Cai Kailong

If the bitcoin price proves to be manipulated, do you dare to hold it? Does institutional investment dare to vote? Is the regulator reluctant to let ordinary investors join the digital currency investment boom?

A recent study demonstrating the manipulation of bitcoin prices, to be published in the Journal of Finance, the top academic journal in the financial world, has generated a lot of attention and has been widely reported and discussed by The Wall Street Journal, CNBC and Bloomberg.