I think you guys are overestimating the amount of billionaires or even millionaires currently involved in crypto.
There is a lot of talk about institutional money coming into btc. Does anybody think they wana buy it for 20k? They have money and resources to make a dump. If we want mass adoption and big money flowing in we have to expect things like this.
Depends on BTC's stability rather than its price or even its growth. Institutional investors care less about getting astronomic gains and more about a stable investment with healthy appreciation. Until we get there -- that is,
if we get there -- BTC still has to grow quite a bit in both market cap and trading volume, as to make it harder to move the market. Regardless whether it's whales playing the pump-and-dump game or organic boom-and-bust market cycles.