Bitcoin

[MountainTracker]

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[timekiller13]

Serious question.

Since BTC is capped at 21 million, what is going to happen when the vast majority of it controlled by just a few entities?

We see MSTR and blackrock have made huge purchases of BTC. What’s to keep them from controlling 80-90% of bitcoin?

 

[WoodDuck]

Serious question.

Since BTC is capped at 21 million, what is going to happen when the vast majority of it controlled by just a few entities?

We see MSTR and blackrock have made huge purchases of BTC. What’s to keep them from controlling 80-90% of bitcoin?

Blackrock is purchasing BTC on behalf of shareholders, so it isn’t technically Blackrock’s Bitcoin.

That being said, if one or several entities want to purchase that much BTC, an equal amount needs to be sold. When supply dries up, price will increase to the point it isn’t economical to purchase large volumes of BTC.

 

[MountainTracker]

BTC is now the 5th largest asset on earth….probably nothing




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[fmyth]

Another all time high this morning. 120k is loading. Alts are following.

 

[stevewes2004]

Another all time high this morning. 120k is loading. Alts are following.

View attachment 905765

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[MountainTracker]

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[eddielasvegas]

You beat me to it @MountainTracker ! And besides yours is much prettier, but the message is still the same.


Eddie

 

[IBen]

Well I go flying and when I return btc hit $117k.


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What are you flying?

 

[eddielasvegas]

I now scoff at BTC at $120k.


Eddie

 

[Poser]

Think of it this way, gents:

Bitcoin is now worth .122 Million Dollars.

 

[eddielasvegas]

If you can give it, you better be able to take it so I must post this.


Eddie

 

[stevewes2004]

View attachment 906674

If you can give it, you better be able to take it so I must post this.


Eddie

Comes with the territory…


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[RichardSkinner]

SOL and SEI.

 

[fmyth]

 

[stevewes2004]

I don’t hold any but XRP is running as well…


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[MountainTracker]

Alt season looks to be on


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[Poser]

I don’t hold any but XRP is running as well…


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You done it now. The local Bitcoin-only curmudgeons are about to get preachy.

 

[Poser]

Apparently, an OG Bitcoin whale has just moved 80,000 Bitcoin from cold storage to an exchange.
The expectation is that they are about to sell, flooding the market with 80,000 Bitcoin which may result in price drop if they dump all 80k at once.

 

[fmyth]

Trumps media company now has the 5th largest BTC treasury.