Power Dynamics and the Role of Institutions in the Cryptocurrency Market

In the cryptocurrency market, institutions and governments hold significant power due to their ability to influence the market. The US government has the capability to print a large amount of currency and potentially buy all the Bitcoin in the world. Large financial institutions like Fidelity, with trillions of dollars under management, have been involved in Bitcoin since 2015. Additionally, the appointment of government officials, such as a new Prime Minister in the UK, can impact cryptocurrency initiatives like the launch of a central bank digital currency. Insights from a meeting with the governor of the Central Bank of Albania reveal the perspective that those who control the money wield significant influence over the world. The governor also acknowledged Bitcoin as a form of money. Furthermore, it is suggested that retail investors may not have the ability or discipline to compete with the institutional players and systems that have enabled their wealth accumulation. It is emphasized that institutions and powerful entities continue to have a stronghold on the cryptocurrency market, suggesting a sense of control and authority over its dynamics and future developments.