Post
Topic
Board Bitcoin Discussion
Re: who controls the bitcoin price?
by
Altcoinsintel
on 27/02/2021, 13:47:46 UTC
i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

These are factors that influence the demand for Bitcoin. They don't have directly impact on price, except from whales, that can collude and create bearish terms for Bitcoin. If I understand hedge funds, they are funds looking for opportunities to short. Some did that with Bitcoin and one time (2018) they were successful, however they probably lost their shirt and pants for the last 10 months shorting.
Crypto influencers are a big joke, they make money shilling shitcoins for advertisement and they are terrible at doing that, being close to be called biased and giving bad investment advice.