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?
Manipulation will only increase even more for me because those institutions can also manipulate the price if they want. Like XRP for example, it already reached more than 3$ before but because of the issue on SEC the price now is lower than 1$. The price can't go low as that unless whales dump their holdings. The most affected here will be people with weak hands or emotion because they will likely panic sell or people that are new to cryptocurrency. People like them can attribute for those whales to accumulate more quantity at even lower prices.