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
Bitcoin works similarly to a product. The market in which bitcoin is traded decides its price. To put it another way, the price of bitcoin is dictated by how much someone is willing to pay for it. The market decides the price of bitcoin, just as it does for gold, oil, sugar, grains, and other commodities. The rules of supply and demand apply to Bitcoin, just as they do to every other market.