Post
Topic
Board Trading Discussion
Re: Are the Whales Control bitcoin price?
by
ningrum
on 22/01/2023, 19:00:46 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 is still decentralized, it's just that the supply of Bitcoin has actually been bought by several big companies like maybe Tesla and Microstrategy who are buying up Bitcoin,
we can also see through explorer how the supply of bitcoin moves, and who holds Bitcoin, this is why Decentralization will always run in Bitcoin,
whales can indeed be in control, but to destroy bitcoin of course they can never, so don't worry.