Bitcoin isn’t a pump and dump scheme. A pump and dump is a scam operation where operators use advertising techniques to push an asset’s prices higher and sell their shares for massive profits. Thus, leaving the new investors with assets trading at lower prices. It is improbable that Bitcoin fits that description since it has survived for 12 years without such an incident. Bitcoin isn’t controlled by any group or central authority, making it less likely to be a pump and dump scheme.
