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0 sats \ 5 replies \ @harrr 8 Mar \ on: 4% of The Entire Bitcoin Supply is Now Backing US Spot ETFs bitcoin
However, seeing these colossal numbers also raises concerns about large institutions gaining a significant share of the pie.
Concerns? What are you afraid of, number up? Because that is all that etfs do for hodlers.
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0 sats \ 4 replies \ @0xbitcoiner OP 8 Mar
It scares me that large institutions are accumulating a large share of Bitcoin. I have this idea that Bitcoin could be taken over by whales. It's not a concern yet, but it could become one in the future. That's what I'm talking about.
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0 sats \ 3 replies \ @harrr 8 Mar
Oh man.. the "whales".. I've heard that since I was in bitcoin. Why does a "whale" scare you?
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0 sats \ 2 replies \ @0xbitcoiner OP 10 Mar
It may not be a concern yet, but it could become a problem if whales acquire a large share of the pie. If this happens, it could become impossible for ordinary people to buy or use Bitcoin. I don't underestimate their power.
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16 sats \ 1 reply \ @harrr 10 Mar
If this happens, it could become impossible for ordinary people to buy
Man, I've heard this since 10k at least.. bitcoin could do 1000x and you'd still get more than one satoshi per dollar.
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0 sats \ 0 replies \ @0xbitcoiner OP 10 Mar
It's undeniable that we still have several decimal places, to say the least! Ahahahah
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