The term “whale” is used to describe an investor who holds a large amount of a particular asset, in this case Bitcoin. The question of whether or not whales control Bitcoin is a controversial one.
Some people believe that because whales hold such a large amount of Bitcoin, they have the power to manipulate the market. Others believe that the market is too decentralized for any one group to have complete control.
There is no denying that whales do have a significant amount of power when it comes to Bitcoin. They can move the market by buying or selling large amounts of Bitcoin.
However, it is important to remember that the market is still relatively young and immature. This means that it is subject to volatility and manipulation by all investors, not just whales.
In conclusion, it is impossible to say definitively whether or not whales control Bitcoin. However, it is clear that they have a significant amount of power in the market.