University Researcher: Tether Not Responsible For Bitcoin Price Levels

A Queensland Univerity professor has attempted to debunk the theory which accused stablecoin Tether issuance model of manipulating the Bitcoin value.
Tether Not Responsible
In his report, Dr. Wang Chun, Ph.D., Finance, discussed how he constructed a Vector Autoregression, or VAR, model to prove that Tether never played a catalyst to Bitcoin’s super-normal rally towards $20,000 last year. VAR models monitor relationships between variables over a period. Dr. Chun pitted data taken from Tethe