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Bitwise Calls Out to SEC: 95% of Bitcoin Trade Volume Is Fake, Real Market Is Organized

Published 05/31/2019, 11:18 AM
Updated 05/31/2019, 11:42 AM
Bitwise Calls Out to SEC: 95% of Bitcoin Trade Volume Is Fake, Real Market Is Organized
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At the 1997 edition of the annual Worldwide Developers Conference — an event put together by iPhone-maker Apple Inc (NASDAQ:AAPL). to communicate directly with its community of developers and users — a participant asked founder and then-CEO Steve Jobs the following question:

The bitcoin (BTC) market is in a somewhat similar position. The mainstream media has published quite a handful of negative headlines. A considerable population of traditional finance folks, who can't wrap their heads around the need and use of bitcoin, are happy to point at inconsistencies in the market to back their "I told you so" declarations about how they believe bitcoin is a farce.

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