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
Just like any cryptocurrency or commodity out there, the price bitcoin is determined by demand and supply, there no two ways about this, if there's little or no demand for it we won't see Bitcoin at the price it is today, during 2017 the price was manipulated by whales who could pump and dump on the few people that were into crypto as at that time, right now bitcoin has gained more popularity(alot people are into it now) there's no way they can manipulate the prices anymore.