I was chatting about Bitcoin's impact and effects with a few friends today. My friends discuss the impact that Bitcoin whales are having on the adoption of Bitcoin. In the coming years, according to Bitcoin experts, adoption will increase. He claimed that 3.7 million coins are lost, with the remaining coins being held on chains by early adopters.

He claimed that this specific set of people is seriously impeding the adoption of Bitcoin. As they have the ability to shock the entire system with sell/buy. Avoiding a centralized authority controlling the system is one of the issues that Bitcoin seeks to overcome. If there is a large demand and widespread adoption, a supply shock would then occur.

However, the issue is still present and may be more significant than the use of fiat money. Unless Bitcoin holding changes in any way. I believe the system should be changed such that each person is limited to holding a certain quantity of Bitcoin.

I think that this will hinder widespread adoption. What do all of you think?


Happy Christmas 🎄🎄