Whales Are Responsible For Bitcoin’s Latest Rally, NOT China: Peter Schiff

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The 42% surge last weekend brought some welcome energy to the crypto market. Various theories have been attributed to the latest rally, ranging from President Xi Jinping’s speech endorsing blockchain technology to the apprehension of Crypto Capital’s CEO, Ivan Manuel Molina Lee who was accused of bamboozling Bitfinex and purportedly forcing it to withdraw $850 million from its sister company Tether. However, long-term bitcoin critic Peter Schiff believes that whale traders were responsible for manipulating the prices. See more for yourself here!