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The Conversation
Erica Pimentel, Assistant Professor, Smith School of Business, Queen's University, Ontario

Cryptocurrency’s transparency is a mirage: New research shows a small group of insiders influence its value

Speculation, manipulation and market crashes remain very real dangers, regardless of whether the financial system is centralized or decentralized. (Shutterstock)

United States President Donald Trump recently announced the U.S. would establish a strategic cryptocurrency reserve of Bitcoin, Ether, Ripple, Solana and Cardano. This move, he said, would make the U.S. “the crypto capital of the world.”

Once a vocal crypto-skeptic, Trump now frames his support as an embrace of technologies that champion freedom and innovation.

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