> But when the price goes up due to the very same influencers, people are smart for buying?

The way I see it, Bitcoin is all about hype and modelling hype, so if you can correctly model a particular influencer's effect on a bunch of sheep, I think it's fine to reward that modelling prowess.

As for the sheep themselves, they might win or lose, it's a coin toss, but at the end of the day, they're just sheep.