Renowned investor and Bitcoin (CRYPTO: BTC) backer Mike Alfred accused Wall Street giants of manipulating the apex cryptocurrency’s price to pressure proxy companies like Strategy Inc. (NASDAQ:MSTR).
What Happened: In an X post on Monday, Alfred, a former tech CEO, stated that big companies on Wall Street were intentionally driving down Bitcoin prices to target the Michael Saylor-led company and others that have significant Bitcoin holdings.
“If they can bring BTC down far enough, it kills the easy capital markets regime these companies are accessing to add BTC,” Alfred stated.
MartyParty, a widely-followed cryptocurrency influencer, wrote “Wintermute” while responding to the post, suggesting a potential involvement of the leading cryptocurrency market maker. Interestingly, MartyParty also linked Wintermute with the “Black Monday” crash last month, although nothing has been proven yet.
Full story available on Benzinga.com