There's a significant amount of wash trading and fake money pumping up the prices of cryptocurrencies and Bitcoin. A marketcap of 175 billion doesn't mean people bought 175 billion worth of cryptos.
With 10 million dollars you can increase the market cap of Bitcoin by over 2 billion dollars, and we have at least 320 million dollars of fake money.
https://medium.com/@bitfinexed...
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There's a significant amount of wash trading and fake money pumping up the prices of cryptocurrencies and Bitcoin. A marketcap of 175 billion doesn't mean people bought 175 billion worth of cryptos. With 10 million dollars you can increase the market cap of Bitcoin by over 2 billion dollars, and we have at least 320 million dollars of fake money. https://medium.com/@bitfinexed...