Crypto conspiracy theories are prop traders to blame?

The crypto market is like any other asset class it’s prone to hype and fraud.The difference is that crypto is unregulated, and therefore ripe for scams and manipulation.

In fact, there’s a long history of fraud including pump-and-dump schemes, Ponzi schemes and more in this space. And since the market is still very young, there’s also plenty of room for new scams to emerge.

But while there’s no shortage of conspiracy theories about how the crypto markets are manipulated by insiders or governments (or both), it’s important to remember that these are just theories. Prop traders are just doing their job finding winning trades before anyone else does.