Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
I do agree with the fiat but in terms of Bitcoin, I don't think so.
It is true that whales can manipulate the market, but I don't think they would be doing that all the time. The government is tasked to control the fiat for the greater good of the country, whales just owned a huge percentage of a cryptocurrency and are not tasked to control or manipulate. It is just that they hold the highest percentage and with their every movement the price can be affected.