Hi here !
So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.
My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?
I'm waiting for your toughts
So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.
My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?
I'm waiting for your toughts
Ok starting from cap. You said $40B cap. Let me tell you such caps are just imaginary and estimated, nothing to do with real money flow in bitcoin. It is ascertain from no. of btc * present price.
Now coming to trader influence over price. I don't feel at least 2017 traders have any influence over price. When millions of dollars are traded in btc everyday, how could someone holding even 100-150 btc effect the price significantly.
Although don't know if some union or associations are working to drive prices.