Fake Trading Volumes Have Null Effect on BTC Price: Bitwise White Paper

Bitwise (a crypto investment manager based in USA) released a paper claiming that fake trading volumes by crypto exchanges do not impact bitcoin (BTC) price. In the white paper, Bitwise reiterated its March release, that almost 95% of reported trading volumes in bitcoin by exchanges are fake or non-economic in nature. The new white paper focuses on the launch of regulated bitcoin futures, the entry of large algorithmic market makers and bitcoin custody improvements, dramatically improve the efficiency of BTC markets.

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