Bitcoin is often believed to be manipulated, with theories on how this occurs, and these cries often occur when the price starts tanking. Naturally.
However, rarely or never do we hear about it being manipulated to maintain its position as the default "standard". By that I mean, it's price is satoshis being sole indicator of how altcoins are priced in USD. Those who control most of the bitcoin have a strong interest in keeping it this way.
Using Big Media and social influencers to boost this sentiment, this allows them to manipulate the altcoin market for profit.
Altcoins can spark a bull run on Bitcoin.
One overlooked strategy is buying up a dozen or so cheap altcoins to create a bull run on alts leading to a bull run on bitcoin. A bullrun on 10 alts outside of the top 10 going 3x over a short time excites people and leads to a bull run on Bitcoin and everything else. This is much cheaper than buying Bitcoin to spark a bull run on alts. Like 90% cheaper, and can lead to billions of dollars in profit from the altcoin market. Once the altcoins peak, a coordinated FUD event along with s huge dump can create panic selling, allowing for a buyback of discounted Bitcoin.
95% of all Bitcoin is pretty much the entire market st your disposal. Also many major institutions that bought billions in BTC are sister companies of one major company owned and controlled by a handful of people. This includes banks. The same bankers that ban you from using them to buy Bitcoin actually own Bitcoin themselves.
Wow.
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