Furthermore, it is essential to note that the price of Bitcoin is not determined by a single entity nor can it be traded in a single location. Based on supply and demand, each market or exchange sets its price. 2.
Who controls the Bitcoin market?
Although Satoshi Nakamoto, the mysterious person who created Bitcoin, is its inventor, no one actually owns the Bitcoin project. Bitcoin is a piece of software that is managed by a decentralized network, which implies that no single entity is in charge of the software's set of guidelines.
Can Bitcoin be controlled by government?
The Federal Reserve is focused on regulating banks and the United States dollar, so cryptocurrencies are generally outside its sphere of influence.