Bitcoin is nothing but a cryptocurrency, it is backed by its owners, its price is determined by the owners of Bitcoin
If someone hs more than 50% of Bitcoin supply and decides to sell it at 1$ all the rest have to follow himand sell at the same price.
Bitcoin price is determined by supply and demand low.
Incorrect, bitcoin is backed by a globally distributed ledger. The world's most powerful computing network. Bitcoin is also the most secure and time tested of all crypto.
Whales can cause market fluctuations, but no one entity can control bitcoin.
Bitcoin has a very strong development team that is time tested, not just any crypto.