Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/Available_Canary_517 on 2024-11-24 10:28:42.

In the world of cryptocurrency, the main goal is to make sure that no single authority, like a government or a bank, has control over the currency. But the problem is that there’s no limit to how much a single person or group can buy. So, couldn’t large governments, big banks, or rich investors buy a huge amount of cryptocurrency and control its demand and supply? This would affect its price, right? Also, we know that the opinions of famous people and big investors can greatly influence the price of cryptocurrency. While this isn’t really a flaw of cryptocurrency itself, it is a practical issue to consider. how could cryptocurrency replace the current financial system, as many people suggest?