Recently, we have seen lots of institutional fund to come in the market. Tesla have invested and possibly soon we will see rich people are using BTC as store of value. As the days go, we see the mcap is increasing. When it will increase more, what do you think, will the price manipulation be decreased? Or even effected? If we look at the Tesla announcement, it didn’t create huge changes. India may have a ban on crypto, that doesn’t effect the market. So, as we see the increase in mcap, will we see power of manipulation is decreasing?
Hard to say, it could lessen though, I remember early 2018 when there are 3 whales colluding with each other to move the price of bitcoin. But even though we have big players in the field, we can't discount the fact that they can affect the price negatively, not necessarily by manipulation but by simply moving there crypto around.
We also have one set of investors here, the miners, if they chooses to sell and make profits, like the big one, it can also affect the price. So it's difficult to say as they can move the price and influence it's movement whether positive or negative.