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
The price of Bitcoin is determined by consumer demand, the more people are willing to buy, the higher the price. As for the impact on the market, I think the whales have a lot of influence, because if they decide to flood the market with coins and the supply becomes greater than the demand, the price will fall.