While bitcoin prices went from 10 thousand dollars to 58 thousand dollars, there were some changes. We all read them in newspapers or on the internet. People wondered and researched Bitcoin. More investors started buying Bitcoins. Large networks like Etherium began to split. Many cryptocurrencies have been launched. Different instruments such as NFT have been released. Football clubs started selling fan tokens. People started to get closer to the crypto world. But the most important development is that big companies have started to buy Bitcoin.
Prices rose rapidly and quite unexpectedly as large companies announced that they were buying Bitcoins one after another. We are all very happy, but let's look at the other aspects of the event. We thought that the GameStop incident spoiled the game of big companies, but they still have a big gun like a short sale. And I don't think they were using it in the big downfall today. For now, they are just trying to understand the market. So what will happen if they start using it tomorrow?
The bitcoin market is a market that is highly manipulable due to both the market size and volatility. Therefore, I think volatility will be used by big players in the coming days, especially because of the possibility of big investors using the short selling weapon. I hope small investors will not forget the Bitcoin philosophy and claim their Bitcoins despite all the volatility. Otherwise, they may be harmful.
Bitcoin is no longer the old Bitcoin that was bought and sold among individuals. Previously, only the Whales used to have their eyes on the bitcoin in the hands of small investors, now they want to buy the bitcoin we have in large companies. Be careful.
