Deutsche Bank Says It Knows Who Is "Holding Up" The Bitcoin Market

When Deutsche Bank’s Global Financial Strategist Masao Muraki looks at the bitcoin market, he sees a market that is being “held up” by certain forces. In a December 14 research note titled “The identity of who is propping up the Bitcoin market,” Muraki and his fellow Japanese researchers Hiroshi Torii and Tao Xu not only profile who is holding up the market, but their motivations and what institutions might get hurt if the bitcoin market crashes. [timeless] Deutsche bank thinks a Japanese “Mr. Watanabe” in his 30s or 40s is holding up the bitcoin market Playing the part of an…