Quote from: pecson134 on Today at 02:13:26 AM

Quote from: Lmaooo on January 25, 2021, 12:47:12 PM

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. BTCbitcoin whalesBTC
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

The highest probable responsible person/factor for that is the bitcoin whalers. They were the one's who were utilizing a lot of bitcoin through buy and sell or trade and from that the value of bitcoins fluctuations varies from it. Though other factors can affect bitcoins but still those tycoons had the biggest influence of them all.

Straight from the shoulder speaking, this is an old story and if you go back in the time when the market is still suffering the Bitcoin block halving effect you will understand that the whales are no longer the cryptocurrency market price controller. However, the last time I checked the accumulation of the institution since last year November till now they are currently holding 1,221,503BTC which I believe make them the legitimate major investors of the current market.