A research paper named “Price Manipulation in the Bitcoin Ecosystem”, which is circulating the internet right now, claims that the Bitcoin ecosystem is controlled by a few bad actors.
The research paper has been published in the recent issue of the Journal of Monetary Economics and is written by JT Hamrick, Neil Gandal, Tyler Moore, and Tali Oberman.
The paper stresses on one thing: Bitcoin markets are being controlled and manipulated by one or two big players. It mainly focuses on Mt. Gox Bitcoin exchange, where 600,000 Bitcoin worth $188 million was acquired through fradulent means back in 2013.