Affecting bitcoin volatility directly on the market with the current cap is too risky. Even for the size of the government which of course has much greater state wealth, they can only limited to putting pressure on crypto industries, bad policies, FUD, etc. So it is very ridiculous if the price can be pumped by a single institution or several.
There are no government institutions or anything like that that can affect the price of Bitcoin.
I agree with you and I have said this several times and if the price of Bitcoin can be influenced, isn't it that it has always been played with and used by those who have considerable wealth as a Pump Pum token.
Only ordinary people who enter and know the crypto industry believe that Bitcoin can be regulated or affected by its price by a certain group of people or institutions.
We must provide an understanding to those who still lack knowledge and insight into Cryptocurrency, especially Bitcoin, so that there is no such public duping.