MultiversX Tracker is Live!

Are entities like MicroStrategy good for BTC?

Bitcoin Reddit

More / Bitcoin Reddit 190 Views

Recently i have learned that MicroStrategy owns 1/170 of all available BTCs. I have been thinking if they keep buying, eventually maybe even reaching 2/170 or more, doesn’t it weaken BTCs greatest strength: decentralization?

Of course it‘s good for publicity, seeing large firms and now even countries put in large sums of money. But a lot of BTCs value lies in it being decentralized and every whale centralizes it a bit. Do you see this as a threat to BTCs success or do you see this as a protection of value since if an entity, hypothetically speaking, acquires 50% of all BTC it will be made worthless since it‘s foundation (decentralization) does not hold up anymore? So the more BTCs really big whales hold, the less it can hold up one of its main promises, basically creating a barrier of how much entities can hold? I hope i‘m making sense…

I am curious for your thoughts on this.

submitted by /u/Fluegelnuss420
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments