Exploring the "Willybot" myth: Bitcoin price manipulation revisited
@danheld: Bitcoin price manipulation myth revisited
A recent discussion on Twitter revisits the infamous "Willybot" controversy from the early days of Bitcoin trading.
In 2013 and 2014, speculation circulated that Bitcoin prices on the Mt.Gox exchange were engineered through an automated trading program known as "Willybot." While these claims were never substantiated, they fueled fears and questions about market manipulation in the nascent cryptocurrency sector. Despite the lack of evidence, the topic remains a point of curiosity and speculation within the crypto community.
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In the previous news, author Dan Held discussed how every market experiences manipulation without affecting the reality of prices. He emphasized Bitcoin's status as a highly liquid asset with transparent data, arguing it stands on par with other markets.
