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.
News from Tesla investment and their future plans to adopt bitcoin as payment method to buy Tesla products help bitcoin rising a lot. Why did you say "it did not create huge changes"?
Institutes have more strategies and good experts to manipulate the market. I believe they have better connections to news, media platforms and they can more easily to spread big fuds than personal whales.
So, as we see the increase in mcap, will we see power of manipulation is decreasing?
The marketcap of bitcoin is still smaller than some Big Techs and the total marketcap of crypto market is smaller than stock market. I think it is still easily for whales, institutes to manipulate market.
Their manipulations will only be controlled if governments make law regulation and force exchanges to do Circuit breaks and margin of changes within a day of trade.