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
As far as I know, supply and demand determined the price of BTC in the market for a certain period of time. All of the factors you've mentioned lie under the rule of supply and demand. If the number of people wants to buy BTC increases, the price will increase and vice versa. Also, Bitcoin Miners brings up a significant effect on the market price. When supply increases, market price decreases.