Why has the bitcoin price jumped $1000 in the last hour??
I don't suppose it has anything to do with the video doing the rounds, about George Soros and his involvement in cryptocurrencies?
It has been rumoured that George Soros and some other big investors are now active in buying bitcoin and other altcoins in an attempt to manipulate price. I thought that it was a "given" that this had been happening for some time and accounted for the massive rise in the price in crypto we saw last year. I think some, caught up in the hype saw this as a sign that crypto was about to "mass adopt"
There has been a video going around, maybe more than one, that explains the idea's I've touched on above. The video's explain that the way Soros and others will manipulate the price of bitcoin will be through futures. Then it goes on to say that if all crypto enthusiasts took as little as $10 and made limit orders to buy BTC at a price that is double that of the market price at that time. They go on to say, that the effect of this would be to hike up price and thereby hobbling "gorgeous georges" evil plan!!
I'm not sure of the viability of the above plan and if it would work. What i do know is that news and media effect the price of crypto. Also i have seen that video about 3 hours ago and then the price rises.
Has anyone else seen this video?
Or has anyone heard this story??
Or is it all just more FUD