Post
Topic
Board Bitcoin Discussion
Re: Are the Whales Control bitcoin price?
by
Kiresiura
on 12/12/2022, 03:43:46 UTC
we all know no one can controls the bitcoin price because bitcoin isn't like bank, stock and valas. but if the whales owned 51% of bitcoin, can do it?. if happen, does decentralization not exist?
Bitcoin price depends on many factors. Because bitcoin is decentralized, no one can control the btc market, even if they own 51% of bitcoin, although it is impossible for someone to own half of the circulating supply. Whales can try to manipulate the price by trading bitcoin, but they can never control the price of bitcoin.