Re: What power does Traders have on the Bitcoin price ?
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
The traders have influence on the price of bitcoin to the best of my knowledge because those money bags you are referring to are also traders but the issue is just the volume they control whether individually or collectively is enough to make a difference considering the market capitalization which is just like a bucket of water from a pool in comparing it with foreign exchange market and other stock exchange market.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