Exchanges don't control the price. It's the whales that are responsible for volatility. But at the core, the price of bitcoin is determined by the value of the network and the technology itself.
Dude thats so 2019. Btc can tank down with 1 tweet of musk or saylor. Exchanges stop withdraws when they want. The core fundamentals are one thing but the reality its controlled by exchanges and tether printing tether unbacked from thin air.
It never really tanks though - it follows a cycle of bull/bear markers and an overall upward trend in market cap. Sure, some people treat bitcoin for trading and shorting, but many treat it as what it's supposed to be - a store of value and the future of decentralized money.
Serious bitcoin holders don't use online wallets ran by the exchanges. As for tether, it has nothing to do with bitcoin.
Statistically, institutional control of bitcoin is less than 10%. This is the only alternative.
They own binance and coinbase too. Easy to manipulate the price.
Exchanges don't control the price. It's the whales that are responsible for volatility. But at the core, the price of bitcoin is determined by the value of the network and the technology itself.
Dude thats so 2019. Btc can tank down with 1 tweet of musk or saylor. Exchanges stop withdraws when they want. The core fundamentals are one thing but the reality its controlled by exchanges and tether printing tether unbacked from thin air.
It never really tanks though - it follows a cycle of bull/bear markers and an overall upward trend in market cap. Sure, some people treat bitcoin for trading and shorting, but many treat it as what it's supposed to be - a store of value and the future of decentralized money.
Serious bitcoin holders don't use online wallets ran by the exchanges. As for tether, it has nothing to do with bitcoin.