I like this image of a giant whale in the sky looking after everyone 
I think it's more likely that they would be selling when it gets too high and buying when it gets too low to stablise, rather than increasing volitility, though.
that's definitely true for the conventional super rich, but a lot of early adopters of bitcoin got involved mainly because they objected to that system, especially the global banking system. They're politically motivated. Also, if you look at people like Soros and even (gasp) Bill Gates, once they get rich enough, making more money stops being such a priority, it's more about how they can affect the world. In this case, it would be the world of bitcoin, and the freedom from banks and governments it offers, if it's ever stable enough to become widely adopted.
I think it's more likely that they would be selling when it gets too high and buying when it gets too low to stablise, rather than increasing volitility, though. bitcoin is a game to make money. People with a lot of many have a lot of money precisely because they do not stop at some number and always work to get more. A whale with 40k BTC exposure to bitcoin markets movements will do everything to protect their investment.
that's definitely true for the conventional super rich, but a lot of early adopters of bitcoin got involved mainly because they objected to that system, especially the global banking system. They're politically motivated. Also, if you look at people like Soros and even (gasp) Bill Gates, once they get rich enough, making more money stops being such a priority, it's more about how they can affect the world. In this case, it would be the world of bitcoin, and the freedom from banks and governments it offers, if it's ever stable enough to become widely adopted.