One man brought down the price of Bitcoin
By Moris Beracha.- A permanent feature of Bitcoin, and other cryptocurrencies, is the volatility of its value. Since last January 8, the price has fallen and has not yet recovered. However, The Wall Street Journal pins the blame on one person: Brandon Chez. In 2013, this 31-year-old developer launched coinmarketcap.com, a page that tracks changes in the values of different cryptocurrencies. When Bitcoin and the other currencies became popular in 2017, coinmarketcap.com became one of the most important websites in the world and could beat rivals such as CoinDesk, Coinbase or Blockchain.info. Problems began when, on January 7, Chez execrated the South Korean market from the algorithm that calculated the Bitcoin price, because it offered higher prices that the other exchange houses in other countries. Chez did not publicly announced the removal, he simply made it. The value of Bitcoin suddenly collapsed without an apparent reason. Almost immediately, prices began to drop