That seems like a pretty silly argument. The transactions are not in any sense fake. The fake trading volume is also not in any sense setting the price. Roughly 5-10 billion usd volume per day is completely legitimate, and it is that volume that actually determines the price. The fake volume on low quality exchanges is just noise that follows the price, it isn't a component of price discovery.

>fake trading volume sets the price which then determines the number of bitcoin sent in the real transactions.

How is the price dictating the number of transactions?

That’s not what I said.