BILLIONAIRE INTO CRYPTO MARKET: GOOD OR BAD?
Crypto market made a remarkable gain during last one year. This made crypto coins a major attraction for investors. It is the interest of investor which increased crypto global capitalization around 2.5 Trillion USD. One of the reason of the investor in crypto world is due to high profit and loss. Investors love to invest despite the probability of big loss. Crypto trade is not a one way traffic. Big profit and big loss is part and parcel of the crypto market.
Investors like Elon Musk really helped to make crypto coins popular. World no. 2 richest person, 1.5 Billion dollar investment in world top coin (BTC) helped coin to achieve all time high worth of 64,800 USD. This reveals that big investors creates big impact on the market.
Crypto enthusiast love to have number of billionaire in market as it will help for the growth of the month. The straight answer of this question is Yes. But, unfortunately every picture has two view. None deny the impact of billionaire in the market but the same time, they are real threats for the market. Big guns really influence the market. As a result they can pump and dump the market.
The way the BTC and crypto flourished after MUSK investment really pleased the crypto enthusiast. But, things moved in the reverse way when MUSK showed concern over environmental impact created by crypto.
Entrance of billionaire is good for market but at the same time their influence may threatens the market. The more suitable for crypto market is more investors instead of billionaire who can manipulate the market at any time. What is your view. I would love to read your views in comment section.