pull down to refresh

Please explain how someone with a lot of bitcoin has more control over the bitcoin network.
If he sold those 600,000 bitcoins right now, how would the market turn out? I know he shouldn't do it, but it would be good to think about it. He could manipulate the market at will. If Elon Musk manipulated the market with a few tweets, imagine Saylor selling a good sum of those BTC. That's what I think. The trust that Bitcoin has been gaining so far would be completely lost. ETFs would be wiped out. So many things would happen with just a click.
I know it's somewhat utopian, so to speak, but I think it's worth thinking about. I don't know if you have a different perspective. Maybe you could clarify this for me.
reply
16 sats \ 1 reply \ @ek 19h
bitcoin's value comes from its fundamental properties and they don't change if somebody sells a lot of it
so I believe the market will recover
reply
I also believe that the market would recover, but I question those things... I have absolute confidence in Bitcoin.
reply