Quote from: Woodie on April 01, 2024, 11:47:26 PM

Quote from: worldtraveller321 on March 29, 2024, 09:44:52 PM

So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

In the short term, Blackrocks buying of Bitcoin is good for the market and Hodlers as this translates into price soaring and more people believing in cryptos, but the unfortunate issue we not talking about is that one entity will control how bitcoin will grow once they have the lion's share of coins and I don't like it!!!
Tbh, if it were up to me..I would limit the number of coins one person or entity can owe at this point to try protect the markets in the long term to avoid market manipulation etcetera

But the problem is that even if we don't like it, we can't do anything to stop them. And if you want to limit those institutions because you don't want them to hold too much bitcoin, that means the government can also ban you and everyone from owning bitcoin. At that time, bitcoin is no longer decentralized and once it loses its decentralized nature, bitcoin will become useless.

We always say that bitcoin is fair and anyone can own it without fear of others controlling or banning it. So, we also need to respect others even if they want to own a lot of bitcoin because if we had as much money as them, we would do the same thing. Personally, I'm not afraid of Blackrock or anyone who holds a lot of bitcoin because if it were me, I would do the same thing because bitcoin is so good that there's no reason to reject it.