BTW, whoever created this challenge will be able to manipulate BTC price, won't she/he?
I am not sure exactly what you mean. I do see a scenario where the creator of the challenge could possibly cause a panic sell off. Is that what you are talking about?
The creator still has the private keys so they can spend the rewards at any time. So, they could claim a bunch of the rewards thus simulating a weakness in the Bitcoin crypto? This could possibly cause a panic sell off if the market believed it?