Post
Topic
Board Economics
Re: Im big fan of stable coins and this is what I think
by
Betwrong
on 25/03/2021, 11:08:16 UTC
Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value
Its sell and buy orders on Exchangers.
Thats how
Bigger demand bigger price.
But if people who got a lot cash they Control

At this point too much "cash" is needed to control BTC price, and even Elon Musk, who can buy 100M troy ounces of gold with his net worth, can't control the price of Bitcoin. While with stable coins, well, it's a bit easier.