Post
Topic
Board Bitcoin Discussion
Re: Microstrategy Acquires 14,620 Bitcoin, Don't get carried away.
by
thecodebear
on 29/12/2023, 04:32:42 UTC
I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.


He doesn't own it. His company does. That's a very different thing. Anyway there's nothing wrong with someone (or some company) being smart and accumulating a lot of Bitcoin. Just like anyone his company is free to purchase as much Bitcoin as they want. And it'll get harder and harder for them to purchase Bitcoin as the price rises.