Hi here !
So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.
My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?
I'm waiting for your toughts
There are really two kinds of people who control the price of Bitcoin. The traders and the buyers. The traders want to sell for a high price so that they can earn the most money. This doesn't make them the controllers of the price. However, they do become the controllers when buyers come into the equation. Some buyers are so desperate to get Bitcoin that they are wiling to pay an extremely high premium for something they could get for a much lower price. This just continues to make the price go up and up as more people are interested in buying Bitcoin.
With the demand of Bitcoin going up, people are also becoming smarter. They want Bitcoin but aren't dumb enough to buy it for such a high price. This sort of stabilises the price and sometimes even lowers the price because when people see other people selling their Bitcoin, they get scared and also want to sell. But they sell for an even lower price so they can get rid of their coins even faster than everyone else.