Post
Topic
Board Bitcoin Discussion
Re: Michael Saylor owns 0,5% of Bitcoin Supply
by
bryant.coleman
on 22/06/2021, 13:01:14 UTC
Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Once again, noobs trying to mislead the users. Do you even understand that the vast majority of these 100 wallets are being owned by exchanges and Bitcoin ETFs? Currently around 20% of the circulating supply is being stored in exchange wallets. That doesn't mean that Bitcoin is centralized. It only means that a large portion of the coins are owned by traders, who make use of the volatility associated with Bitcoin. Will you say the same about fiat currencies such as USD? The Chinese government owns around $3 trillion worth of US treasury bonds. So are you going to argue that USD is centralized? Anyway, United has another opportunity to get two points today, against the Zalmi.