#Bitcoin, even better than gold?

source: https://mondediplo.com/2022/02/08bitcoin

Bitcoin is particularly vulnerable to fraud and market manipulation. The absence of #regulation and supervision, inherent to its operation, allows the largest investors to use their full weight to directly influence prices with a very low risk of incurring sanction. Yet Bitcoin distribution is highly unequal: in November 2021 just over 2,000 accounts (0.01% of 20 million) held 42% of Bitcoin wealth (10). In crypto jargon, these big accounts are known as ‘whales’. Some belong to wealthy investors; others are owned by trading platforms which sometimes act on behalf of their clients and sometimes on their own account.

#fraud #scam #btc #bitcoins #crypto #crime #news #finance #money #trade