Post
Topic
Board Trading Discussion
Re: Are the Whales Control bitcoin price?
by
Mr. Magkaisa
on 22/01/2023, 14:29:27 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?

   - The whales can give a strong movement to the value of bitcoin in the market, they cannot control it at the price they want, and it will only have a big impact.

But to your question, if anyone own 51% bitcoin? can it be done? Do you know how many bitcoins 51% is? the answer is around 10, 710, 000 BTC, and if I calculate that with its current value it is around 223B$ almost. And when you use google search you won't find any bitcoin holders who have that many bitcoins.