{"id":9029,"date":"2018-09-24T00:00:00","date_gmt":"2018-09-24T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/09\/24\/tether-effect-price-of-bitcoin-study\/"},"modified":"2018-09-24T00:00:00","modified_gmt":"2018-09-24T00:00:00","slug":"tether-effect-price-of-bitcoin-study","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/tether-effect-price-of-bitcoin-study\/","title":{"rendered":"Tether does not have a noticeable effect on the price of Bitcoin according to a study"},"content":{"rendered":"
Contrary to the widely held belief that Tether<\/strong> (USDT) has been used to manipulate the coin market in the past, a new report is saying otherwise. The study which was led by Queensland University\u2019s business school researcher Wang Chung Wei<\/strong> shows that Tether has little effect on the price of Bitcoin.<\/p>\n The document that was titled, \u201cThe Impact of Tether Grants On Bitcoin\u201d<\/em><\/strong> made use of the Value at Risk (VAR) in concluding that there is no significant price movement resulting from the issuance of Tether and therefore it would be safe to posit that there has been no manipulative tendencies associated with Bitcoin with respect to the issuance of Tether.<\/p>\n The report contradicts an earlier on released by researchers from the University of Texas that claimed that the massive bull-run of Bitcoin in 2017 can be linked to the stable coin Tether. That report said that the release of Tether coincided with the times Bitcoin prices spiked considerably.<\/p>\n That report by professor John Griffin and Amin Shams re-echoed the belief in some quarters that the coin market is manipulated. That belief is instrumental to the reluctance of the Security and Exchange Commission to approve the bitcoin ETFs even though a number of firms have applied for them<\/a><\/strong>.<\/p>\n