Tuesday, February 16, 2021

Hedge Funds pumping Bitcoin, when is the dump?

Okay, so I was thinking, wouldn't it make sense for hedge funds to take massive positions on bitcoin, advertise it to drive the price up and then take massive short positions and dump all their bitcoin on the market at once to create a massive dump event which would make them profit a lot on their short positions. If BTC was a stock it would be considered stock manipulation, but with bitcoin aren't they pretty much allowed to do anything they want?

What's stopping hedge funds from doing this?

Tell me if there's a flaw in my thinking.


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