Since Gemini is clearly leading this price increase, do you think the Twins are pumping this? I mean a million dollars is pocket change to them, maybe the are just buying it in small amounts each day and driving the price up. Considering how much they already hold in bitcoin it would basically be paying for itself in the long run.
A steady increase might bring in new money but they have no guarantee it would go to them and not some other exchange.
I'm talking about the value of the coins they already own. Every dollar the spend to drive up the price in general, would come back in profit to them many times over if they are only buying small amounts to drive up the price. I mean they allready own a shit ton of Bitcoin.
You might be right. In the past, Bitcoin exchanges have been known to manipulate the price a little.
