Re: Which other company will support Bitcoin next?

Quote from: Coolcryptovator on April 23, 2021, 06:43:49 PM

Quote from: Abiky on April 23, 2021, 06:16:51 PM

I'm starting to wonder which company will be next? Will it be Walmart, Amazon, or Apple? What do you think will happen if one (or all) of these major companies invest in Bitcoin? Will it benefit the market immediately? Or will it take some time? Do you think such companies will control a huge portion of Bitcoin's supply, effectively making it centralized? Your input will be greatly appreciated. Thanks in advance.

The most interesting point in your topic a question about centralization. We know Bitcoin is a decentralized cryptocurrency, but if a major part of Bitcoin accumulates by all the centralized organizations then we will face a problem. Because due to holding a major part of the Bitcoin they will able to manipulate the Bitcoin market as they want. I know if one or all of these companies invest in Bitcoin then the price would record a new ATH and also it would be a massive adaption. But most probably it would drive to centralization as you said. Rather than accumulate a huge amount, if they accept Bitcoin for payment, then it would be massive and long time adaption forever until they accept.

I'm thinking of this already for quite some time (maybe months already) that what if all of these major companies and establishments accumulate a huge portion of all the Bitcoins. A once decentralized currency might become a centralized because of them and because of these companies holding a huge chunk, they might dump if not all then most of their holdings at the same time. TBH, I'm also thinking that they might dumped some in the recent correction Cheesy

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Now with the question of the OP, maybe we might see some companies that will join the ride too and not only them maybe but some other websites too. Maybe some small and medium businesses might accept cryptos in the future. We might see cryptos being used in the public or even in schools.