2. If we suppose that there are x number of real owners of the some top 19000 wallets that are millionairs by now, can we actually say that they control the price? They hold some 65% of the mined btc till now and they have a pretty good chance to control more in the futue since miners are included in the top.
by owning bitcoin you can only control the price in one direction (prevent its rise) to control it in the other direction (rising) you need to have fiat not bitcoin.and besides you need to move the funds to control anything not just by letting them sit in your wallet and telepathically do things
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3. How can bitcoin be used as a currency , when everybody just hold it as something unique on our universe? Hoping the price will go to a million? It will just be a digital asset for value store. ( and speculation of course). Unless you expect that by splitting the hard codded btc many times , will be enough for having btc in every house and the top guys being in quantrillion position
there are 8 decimal places after it and that is more than enough.and what people do with bitcoin doesn't change its ability. it is like saying how can USD be a currency if people store it in their mattress...
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4. If the price reach 100k as mang dream, the top guys valuation will be 1 trillion . Some will even be richer than the known billionaires ( as listed by forbs). Sounds realistic
those who bought Apple shares at like $1 and held it became millionaires too.Quote
5. If there are 21 millions btc in total and their price will be skyrotec, how someone could valuate 100 paintings in total by monet or picasso? They are rare too, and hard defined by their number
that is only supply.you have to consider supply+demand at the same time.
there is a growing demand from anyone for bitcoin and they can buy even a small fraction of it. but there is not the same for a painting and they certainly can not buy a fraction of it. and there is no usage for a painting apart from its decorative purpose! but bitcoin has lots of usages.
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6. When the banks or the governments realize the potential of blockchain technology, what will stop them from creating something similar? Even same code by changing name like buttcoin, fuzzcoin, shitcoin, and put also a hard number limitation.
They already have made something similar.you do realize that blockchain technology was not a hidden thing that you and I know
