Post
Topic
Board Bitcoin Discussion
Re: who controls the bitcoin price?
by
OgNasty
on 17/03/2021, 01:09:52 UTC
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

You forgot probably the most important controller of the Bitcoin price...  That would be the code.  It is quite clear by this point that the market is following the stock to flow model, which is determined by the coded creation of Bitcoin.  Every 4 years we see a spike relating to the halving and there's no sign this fractal pattern in exchange rates is going away anytime soon regardless of what the banks, whales, funds, exchanges, or influences think about it.