Quote from: 0t3p0t on April 04, 2021, 11:14:03 AM

No doubt it is still demand and supply that force Bitcoin's price up high.

It was only back in pre-2011 that demand was too low but supply was in surplus and the price was down in 3 digit figures. Today the demand is everywhere so much so that some governments have been forced to take strict measures to control the trading and investment activities of their citizens.

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Shills will also trigger a temporary pump just like what Elon Musk did a couple of months ago but the demand is increasing day by day plus those FOMO.

The Musk induced pump was timed well, with a number of institutions buying crypto and making headlines the pump remained and although I was thinking that price would quickly drop after this millionaire shut his mouth, it did not because of the Paypal backing. Therefore the market is currently between bullish-to-steady.

So even though institutions help in moving the market, it remains use-able to everyone, albeit not affordable to everyone at this price anymore.