Is it actually bad for Bitcoin that entities like MicroStrategy are accumulating so much Bitcoin? - Microstrategy is just one company and they hold 140 thousand Bitcoins. Considering there is 19.4 million Bitcoins out there and estimations are that more than 4 millions has already been lost forever, that would mean that we right now have about 15 million Bitcoin that is possible to be owned. That means Microstrategy themselves owns about 0.9% of all Bitcoin available, and Saylor said he plans to accumulate more What if other entities/corporations started doing similar, and just accumulated for themselves. How can this be good for Bitcoin and its overall decentralization if one day let's say a third of it is owned just by like dozens of entities? A lot of Bitcoin community actually supports Michael Saylor and seem kind of excited when they hear news that Microstrategy bought another batch because it pumps price short term I guess, but aren't long term effects of this possibly quite bad? Cryptocurrency

Is it actually bad for Bitcoin that entities like MicroStrategy are accumulating so much Bitcoin? - Microstrategy is just one company and they hold 140 thousand Bitcoins. Considering there is 19.4 million Bitcoins out there and estimations are that more than 4 millions has already been lost forever, that would mean that we right now have about 15 million Bitcoin that is possible to be owned. That means Microstrategy themselves owns about 0.9% of all Bitcoin available, and Saylor said he plans to accumulate more

What if other entities/corporations started doing similar, and just accumulated for themselves. How can this be good for Bitcoin and its overall decentralization if one day let's say a third of it is owned just by like dozens of entities?

A lot of Bitcoin community actually supports Michael Saylor and seem kind of excited when they hear news that Microstrategy bought another batch because it pumps price short term I guess, but aren't long term effects of this possibly quite bad?


Shortnsalty 35d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 66d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 96d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 127d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 157d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?