But isn't that power just shifted to an elite who controls the great majority of the currency, and has the power to withdraw/dump coins (basicaly influencing th

But isn't that power just shifted to an elite who controls the great majority of the currency, and has the power to withdraw/dump coins (basicaly influencing the supply side of the market, and control the value)? I'm pretty sure there are people/organizations who invested into such positions. Isn't that a sort of control that may be worst then government power?