~snip~
This chart is pretty sick! Thanks for sharing. I feel like the amount of individual bitcoin being owned is definitely a major plus, right? I mean more power the the people right? Instead of it slowly being accumulated by other major players that have the ability to move the markets i mean is that what you're referring tk with the Atticus finch comment?
What I meant was that there's an ongoing shift in Bitcoin ownership from retail to institutions, as pointed out by OP's quotation, and it's not good. However, at least at this point in time, "It's not time to worry yet." It's because the share of individual Bitcoin owners remains far larger than the shares of governments and businesses and ETFs and whatnot.
However, it's not something that should be brushed off. It's a growing reality. Before we know it, Bitcoin is already hoarded by governments and institutions. And we won't be happy with it. Having said this, I fully support OP's call for individuals like us to HODL, even buy more if we have extra funds. We can't stop them, but at least we can force them to make an offer some of us can't refuse.
Let's try to compare the numbers to get the bigger picture.
In just a matter of less than 5 months, individual holdings have decreased from 69.4% to 68.2%. On the other hand, Bitcoin owned by businesses increased from 4.4% to 5.1%, Bitcoin owned by Funds and ETFs from 6.1% to 6.4%, and Bitcoin owned by governments from 1.4% to 1.5%.
Which means there is indeed a shift happening. Although in relatively small amounts, if this goes on, and we know how institutional and government adoption is growing right now, it might only take a few years before individuals only own less than 50% of the supply.