In recent years, there has been a lot of discussion about the supposed “free market” of cryptocurrency. The idea is that cryptocurrency is a completely open, unregulated market, with no one in control and no one able to manipulate prices or manipulate the market in any way.
But is this really the case?
To answer this, we first need to understand what a “free market” actually is. A free market is a market where prices are determined by the forces of supply and demand, rather than being regulated or manipulated by any outside entity.
In a free market, prices are set by the buyers and sellers in the market, and they are free to interact and trade with each other however they wish.
So, is crypto really a free market?
The answer is, not really. While crypto does offer some freedom, it is still heavily regulated and controlled by governments and central banks. Governments and central banks can set regulations, taxes, and other rules that affect the market, and they can also influence the price of certain cryptocurrencies by buying and selling them.
Furthermore, the crypto market is still relatively small and not yet mature enough to be completely free. This means that prices can still be manipulated by large players, such as whales, and the market can still be manipulated by rumors and news.
Overall, crypto is still not a completely free market. There are still a lot of regulations and manipulations in play, and it is still vulnerable to outside influence. That said, it is still a relatively new market, and it is possible that it could become a truly free market in the future.
