Why? Why not
I've heard both sides of the argument and to a certain extent, they both make sense more or less.
Thoughts?
Its hard to tell if the market is being manipulated by billionaires or group of billionaire. We need some evidence to make our suspicions believable.
There's so many evidence that the market is being manipulated out there, it's a group of billionaire and you can imagine that people with really strong power unite to control something it's really possible, especially if the whole market cap is still below that grup's resources.
Also, recently leaked that some whales dumping btc every 15 minutes so it's real, just read it on medium or steemit, if I recall someone has already addressed this and write it down to their private blog and it's really interesting story to read.