Would Bitcoin Hit $200K Without Jane Street?

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Quant trading firm Jane Street probably has some impact on Bitcoin, but would the price really be at ATHs without its influence?

Bitcoiners are debating whether Bitcoin’s price would already be at $200,000 if not for the quantitative investment firm Jane Street messing around in the market.

“If only Jane Street wasn’t manipulating the markets, Bitcoin would have fully followed M2 money supply & we would be over $200k,” Coin Bureau CEO Nic Puckrin said in an X post. 

It didn’t take much scrolling in the thread to know that he was being tongue-in-cheek.


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