Everyone wields different powers when it comes to business. Some say that cryptocurrency prices can be manipulated by wealthy individuals. Despite being decentralized, it seems that price movements can be controlled by specific entities.
So, in your opinion, can everything related to money in this world be manipulated? For instance, do you believe that the value of the USD or the largest stock market in the US can be manipulated by a few individuals?
What kind of people are capable of market manipulation?
The big whales in the market be it in crypto or fiat, will always have the chance to manipulate the market and its market value. This is very common nowadays, not just in the business world, but even in our own government as there will always be manipulation from the higher positions above. Sad to say, those have become uncontrollable probably because wealthy people have always been making higher influence. However, when it comes to crypto, manipulation is observed less in decentralized market compared to centralized ones. That’s one advantage bitcoin has.