«Based on rigorous analysis with
extensive robustness checks, we conclude that the suspicious trading activity caused the unprecedented spike in the USD - BTC exchange rate in late 2013, when the rate jumped from around $ 150 to more than $ 1,000 in two months,» the study states.
Some evidence, combined with
extensive robustness checks, is clearly better than no evidence, also as a basis for policy discussion.
«Based on rigorous analysis with
extensive robustness checks, we conclude that the suspicious trading activity caused the unprecedented spike in the USD - BTC exchange rate in late 2013, when the rate jumped from around $ 150 to more than $ 1,000 in two months,» the study states.