Part 4/10:
Distinguishing Bitcoin from Traditional Metals: Manipulation and Market Structure
The discussion shifts to compare Bitcoin’s market integrity with traditional precious metals like gold and silver. Historically, gold and silver have been heavily manipulated through mechanisms like the London Gold Fix, a price-setting process that was replaced in the 1990s due to widespread suspicion.
In contrast, Bitcoin’s decentralized nature makes it less vulnerable to such manipulation. While Wall Street can influence short-term prices, they do not control Bitcoin the way paper gold and silver can be manipulated through fixed price mechanisms. This fundamental difference enhances Bitcoin’s resilience in the long term.