"The rise in bit coin price is caused by the buying support by the virtual currency" tether "
The price of the virtual currency bit coin exceeded 2 million yen at 1 BTC as of the beginning of January 2018, but as of February 6, 2018 just one month later, the price of 1 BTC is about 750,000 yen , Indeed recorded a large drop of more than 60%. Regarding the price of bit coin which is turbulent like a roller coaster, QUARTZ "The price of bit coins may crash further by more than 40%"I write down.
Bitcoin prices could be 40% lower because Tether propped it up - Quartz
The background of the price rise which can be said to be anomaly of bit coin last year is related to the type of virtual currency that says the peg system (linked) with the doll called Tether (Tether)Anonymous reportI have announced. Tether is also written as USDT and is used for other virtual currency transactions such as bit coin as dollar substitution because it performs the same price fluctuation as dollar in conjunction with the dollar. In some countries such as the United States, when buying a virtual currency in a virtual currency, no tax is charged so if you want to determine the profit of a bit coin, once you buy a tether that works with the doll with a bit coin, the owner At the point of time you can escape taxation. This makes it possible to transfer the bit coin profit to the tether once and to invest in the bit coin or other virtual currency at the same time and tax free.
According to the anonymous report, between April 2017 and January 2018, a large amount of tether frequently flows into Bitfinex, a major exchanger of bit coins. And within a few hours of the massive tether's entry into Bitfinex, 40 percent of the bit coin price rise occurred during this period is occurring. In other words, this report is "issuing a tetherTether LimitedAnd Bitfinex are collaborating and do price manipulation of bit coins? It is pointing out. At the time the report was released on January 4, 2018, the price of 1 BTC was about 15,000 dollars (about 1.6 million yen), but if 40% is due to price maneuvering, the actual correctness The price is about 9000 dollars (about 1 million yen).
In addition, the US Commodity Futures Trading Commission (CFTC) made Bitfinex and Tether LimitedSubpoenaedThe news that flows also flows, and bit coin decline from the end of January 2018 to the beginning of February 2018 is thought to have appeared uneasy about tethered and Bitfinex itself.
In addition, Tether Limited issuing a tether saying that "all the tethers being issued are backed up by the actual dollar," claims, but its underlying $ 250 billion real existence has not been confirmed . Because Bitfinex and CEO of Tether Limited are the same person, the fact that "Bitfinex can freely make tethers flow into Bitfinex's hot wallets freely" is also spurring suspicion It is.
"The necessity of worrying no more is low as it has returned to a reasonable price to some extent due to the collapse of the bit coin price this time," expertsChris BurniskeAlthough he says, if you still invest in the virtual currency, you probably need to carefully check the timing.