Post
Topic
Board Bitcoin Discussion
Re: Are there people/organizations that control the price of bitcoin
by
Hazink
on 13/05/2025, 23:55:42 UTC
from how the price of bitcoin could easily be affected by a tweet from President Donald Trump, has given rise to some sort of curiosity in me to ask and know if truly that some group of people can actually determine the price of bitcoin by altering the demand and supply of the coin?
Bitcoin price is not only controlled by demand alone this time around; every monetary policy has a little effect on Bitcoin. Trump's tweets still also have some influence on bending Bitcoin price, which he has been making use of since he entered power, but those are social trends, and the moment the people are tired of it and get rid of those fears from themselves, his tweets will have no power over the market, and the only thing that these high-power people can control is the price of Bitcoin and not the supply of Bitcoin.