Quote from: MinoRaiola on February 24, 2021, 05:16:20 PM

Quote from: Lmaooo on January 25, 2021, 12:47:12 PM

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

if there is a sharp decline in the share price, the news "whale sells xxx bitcoin" comes shortly afterwards, or in the event of a sharp rise you often hear "companies or institutional investors have bought xxx bitcoin". the two groups will have a certain power, but I strongly suspect that the exchanges / stock markets have greater power. similar to eibe bank in real life. If you look at the btc wallets, you can see the size of stocks on many exchanges. an interplay between i. and v. and maybe also iv.

I want to add something.

Big investors are also driving the price up. Analysts of large banks and funds tell Bloomberg that they assume that these investors have already met several times to push the price up. This is legal as long as they don't, for example, spread rumors online that encourage others to buy or sell. That would then also count as fraud with Bitcoins. Coordinated buying and selling are fine with currencies - and as such, Bitcoin is legally treated. That puts the few major investors in a comfortable position. If you drive the price up in a coordinated manner, you will grow your wealth quickly. In the past three months alone, the exchange rate has almost quadrupled against the dollar.