Post
Topic
Board Economics
Re: Bitcoin Holding in Companies
by
Lorence.xD
on 15/10/2020, 09:30:30 UTC
Yikes!  That might sound like a positive thing for bitcoin, but it kind of scares me.  Just imagine if just a couple of those companies needed to dump their bitcoin holdings onto the market all at once--I would hope that they'd work out private deals instead of using exchanges, but who knows?

Aside from the fear of bitcoin being held by an increasingly large number of companies, I'm amazed that this is actually happening and I certainly would not have predicted corporations would start buying up bitcoin to hold as cash reserves/investment/whatever. 

So 2.85% held by these companies.  How much do the Winklevii twins hold?  And I can't even remember how much is in Satoshi's wallet, percentage-wise.  Makes me wonder how many individual bitcoin holders there really are out there.
That was my reaction when I saw a lot of posts and articles about this companies buying crypto as a reserve. They have the ability to inflate the prices now and it is a terrifying possibility. Pretty sure individual hodlers are the only ones who will suffer in this particular problem. In the back of my mind, I am hoping that less companies get their interest in stocking bitcoin.