According to MIT, nearly all BITCOIN TRADES are fake?

[mce]

See: https://www.technologyreview.com/f/6...ke-apparently/

Pay attention to the part in BOLD

Now, in a twist, a company hoping to list an ETF has reported to US financial regulators that around 95% of all Bitcoin trading volume has been faked by exchanges.

Bitwise, a crypto-asset management firm, analyzed 81 exchanges, finding that 71 of them exhibited patterns that reflected artificial trading volume. One way to manufacture volume is via a technique called wash trading, in which someone simultaneously buys and sells the same asset. Although the exchanges in the study reported a combined $6 billion in daily volume during four days this month, Bitwise determined that only $273 million of it was real.

Bitwise’s global head of research, Matthew Hougan, told the Wall Street Journal that the point of submitting the analysis was to show regulators that “a real market for Bitcoin” still exists despite the storm of artificial trading.

Pre-ETF hype to set their company apart OR... is there something else here?

[pimpmaster9000]

they are mostly not fake on the big exchanges....say the top 10...on the other exchanges they are completely fake or bot traffic or arbitrage bots...they have "Fake liquidity" and wash trading and spoof orders are the norm...an "illusion of liquidity" if you will...