I'm not sure that the crypto markets are controlled by corporations & countries per say. The markets
react to what they might do or say but its only temporary and thats the nature of a decentralised
cryptos
talking specifically about Bitcoin of course
Central banks developing CBDCs
These are not considered crypto IMO, they are governmental digital currencies
Countries like El Salvador and others adopting crypto as legal tender
Its only El Salvador and the Central African Republic who have adopted Bitcoin as legal tender,
two very small countries.
Institutional money flowing in through ETFs and other investment vehicles
Bitcoin is open 24/7/365 to anyone who wants to get involved regardless of financial capabilities,
this also means that it can traded 24/7/365. Because the markets are largely speculative they
react to the minutest news or movements by large whales and investors.
Tech giants launching their own blockchain initiatives
These are essentially $hitcoins in comparison to Bitcoin. IMO its important to separate CRYPTO
from Bitcoin. Again there is nothing to stop anyone creating their own "Coin" but for me the
focus is on Bitcoin.
The market seems to react more to what BlackRock or a country's regulatory announcement says than to community developments or tech upgrades.
Correct, as above the market is very speculative and tradable 24/7/365 which adds to the volatility,
I think I would prefer it this way rather than a very controlled, limited access alternative.