Research Affiliates Quant Warns of Bitcoin Market Manipulation
- Former crypto miner urges caution as prices reach new heights
- Questions about market manipulation have long dogged Bitcoin
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In 2017, Alex Pickard had made so much money from Bitcoin that he quit his job in finance and moved to Washington state to mine digital coins full time. Less than a year later, the venture had failed and he was back at quant firm Research Affiliates.
Citing his own cautionary tale, the vice president of research has a warning for all the new crypto diehards: the market is likely being manipulated.