As bitcoin continues on its current bullish path, all kinds of people are trying to ride this wave by buying any cheap coins they can get their hands on as they anticipate the next High to come. But the scary part about this is that Big money is also flowing into the crypto economy that will push price to easily register new highs, but this comes at a price, when these whales decide to take out their money.. markets bleed red which is why Big money is not good if volatility is to be controlled. In the long run Bitcoin is better off without the Big money, otherwise this becomes like a pyramid scheme always leaving the last man standing with empty pockets as the first guy to make a move gets all the accumulated $$$$.
What's the community's take on this?
The crypto market, with a capitalization of around 2 Trillion, which is far below, when we compare it to Gold and stock markets, is considered to have room for further growth and investment by many analysts.The general view of community is that entry of more money into crypto market will bring more stability & legitimacy to crypto market, which will drive more growth and adoption. This could also lead to reduction in manipulation, as the base of holders will become wider.
if the incoming big money is spread among various investors, then there is no need to worry about that. because there is no monopoly on one holder. This is different from most of the newer altcoins, where monopoly of the market occurs. or even planned for a manipulation scheme, like a doge who previously heard the news widely and finally, after being satisfied, left the market to get a fantastic profit, of course