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Could too few entities hoarding btc lead to it's downfall?
Is there a risk that big dogs like Saylor et. al forming giant piles of bitcoin could lead to a scenario where most people lose interest in it? Bitcoin derives its value because we have all decided it has value... but couldn't there be a situation like this where it doesn't really feel attainable in any significant quantity to the average person ? Or even nation states looking at it and seeing that Saylor has 2 million coins eventually and deciding that they don't want to participate in this being a recognized desirable asset? submitted by /u/_THIS_IS_THE_WAY_ [link] [comments]
Is there a risk that big dogs like Saylor et. al forming giant piles of bitcoin could lead to a scenario where most people lose interest in it? Bitcoin derives its value because we have all decided it has value... but couldn't there be a situation like this where it doesn't really feel attainable in any significant quantity to the average person ? Or even nation states looking at it and seeing that Saylor has 2 million coins eventually and deciding that they don't want to participate in this being a recognized desirable asset?
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