Quote from: Solosanz on Today at 09:57:39 AM

Quote from: bad23 on Today at 01:29:11 AM

So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool?

Possible, probably half of Bitcoin are owned in centralized exchanges, so billionaire can buy Bitcoin through CEX without need to move the coins. If both billionaire and CEX didn't publicize if the billionaire bought Bitcoin, no one will know it.

Bitcoin market cap is really huge, it's worth $1 Trillion. But if few billionaires agree to use their money just to buy Bitcoin, they could own more than 50% of Bitcoin.

That's a doom scenario due to how much people view their funds and apply proper risk management.
They probably wouldn't try to do so because it would mean a hit-or-miss target for some, whereas they already have the means to make a profit, with stability in mind.