I don't know the exact percentage, but most of BTC is owned by a few.
So logically, BTC can never become a store of wealth for the masses.
BUT if BTC cannot serve as storage of wealth for all and neither as day to day currency due to very slow and increasingly expensive transfers, what role will BTC play in the future?
I honestly think that it will become a billionaire's toy in the future and coins like XLM which offer incredibly fast and inexpensive transfers, will play the major role in the financial day to day transactions.
So I believe that the people who have just started to invest in crypto should consider these other coins and forget about bitcoin.
If the world will accept crypto as currency, it won't be BTC.
Your argument does not make any sense.
By your logic, the only way to have a long term store of wealth is if we had a completely socialist currency that is equally distributed?
How would that even work? And when someone transacts, doesn't the equilibrium get disturbed? Again by your logic, the whole store of value would fall apart because wealth is now disproportionally allocated?
Just look at gold, silver, etc. which have been stores of value for millenniums now. What they have in common is natural scarcity that can't be manipulated by human intervention, even though their distribution is highly unequal and skewed as well - and that is what makes BTC a good store of value in the long run as well.