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Bitcoin network statistics can offer insight into how people will use the currency in the future. In early 2018 Tether accounted for about 10% of the trading volume of bitcoin, but during the summer of 2018 it accounted for up to 80% of bitcoin volume.[25] Research suggests that a bitcoin investor scam pay price manipulation scheme involving tether accounted for about half of the price increase in bitcoin in late 2017.[26] On 15 October 2018 the tether price briefly fell to $0.88 due to the perceived credit bitcoin investor scam pay risk as traders on Bitfinex exchanged tether for bitcoin, driving up the price of bitcoin.[29] On 20 November 2018, Bloomberg reported that U. 5th EU Anti-Money Laundering Directive:
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