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?
With the billions of dollars worth institutional money flowing into bitcoin, I expect to see decrease in manipulation by whales! However, whales are whales for a reason. They will probably move to other less known liquid cryptocurrencies to continue with their manipulation game and will continue to earn money. In essence, the method will not change but just the field will be changed.
However, with institutional money, more and more bitcoins will be locked out and taken away from supply. Not sure what kind of issues it will bring in! But the control should not be passed to the corporates! That might create big issues for us!