By CCN: Barely a week after New York Post columnist John Crudele crudely predicted that Bitcoin will soon be worth zero, the tabloid journalist has once again muddied the waters by calling on governments to launch a ‘massive investigation’ on ‘Bitcoin manipulation madness’.
— New York Post (@nypost) May 23, 2019
Specifically, Crudele called on China, the EU and the US to probe those responsible for the ‘manipulation of bitcoin’s price’. Citing ties to Donald Trump, the tabloid journalist urged the U.S. president to order the investigation in his Wednesday column:
And since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting right now. No need to even make a phone call.
Genuine Concern or Just Hating on Bitcoin?
It is not clear what prompted the tabloid columnist to call for the investigation into the ‘manipulation of bitcoin’s price’. However, there have been claims, sometimes theories fronted by crypto-skeptics, decrying the existence of price manipulation in the cryptocurrency markets.
In Crudele’s view, the investigations into the bitcoin market manipulation should be launched right away. This is before ‘before gullible investors take another hit like they did when bitcoin fell from $20,000’.
Crudele, whose favorite bitcoin slur appears to be ‘confidence game’, also called the cryptocurrency a ‘con’ that’s ‘worth nothing’.