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. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
IMO it's in this order:
v. crypto exchanges
i. bitcoin whales
vi. crypto influencers
and by 'crypto influencers', I mean all those different spreading kinds of news.
Every big wallet move immensely influences the crypto market, sell & buy, mostly speculations.