Cryptopolitan 2019-07-03 01:25:00

Kraken CEO denies Tether driving Bitcoin price theory

Bitcoin’s price spiked once again and was accompanied by big volumes in Tether. New York Attorney General believes that the spike was fuelled by the large volumes in Tether; however, Kraken CEO Jesse Powell denies the “Tether is driving Bitcoin price” theory, in a recent media interview. However, Powell did agree that whenever new Tether is printed a massive flow of US dollars is flooded into the ecosystem. He was asked that as some people know about Tether’s creation beforehand is it possible to use it to pump prices artificially? Powell responded that the price increase in Bitcoin is due

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