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
I might sound pessimistic but we cannot remove the element of some people controlling bitcoin away from the direction of prices swinging in both direction. The reason is that sometimes you just wonder why there is either increase or decrease in the price of bitcoin without any explanation or any news to support that. The capitalization is still low that an individual or group of individuals holding 1/4th that amount can control things in their own direction which to me its achievable considering there is no regulation against such in the case of bitcoin.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