Bitcoins Intention was to brake the banks dictatorship. As we can see, nothing changed with bitcoin. Instead of banks, now whales dominate everything, manipulate and steal.
The market and the protocol itself are two different things and I don't believe that bitcoin is designed to be like the banks in the first place. Blame greedy investors and not the protocol for what's happening in bitcoin.
On another note, Charlie Lee is right on his recent statements about the banning of exchanges which no one except he and his sources saw coming. Too bad most exchange owners in China cannot go out of that shithole yet due to the order of PBoC. If they ban mining next (another issue), guess who'll profit more on the bloody streets?