Re: Retail is selling bitcoin to institutional players
And what will they do with bitcoin, which they will never sell?
That is what the institutions are doing, even the president of the USA himself has said: “you never sell your bitcoin”.
The only thing that comes to mind is issuing securities secured by bitcoin to attract investment. That is, indirect earnings on bitcoin.
As I said before, partial sales are OK, as the options for an individual are more limited, and for the most optimal one which would be borrow against it you need a large capital, so you do not pledge more than 10% of your holdings to borrow against it.
Any market is unfair in principle.
I have a complete opposite view.
One way or another, a narrow circle of people will always concentrate the majority of assets. That's exactly what happened with bitcoin. Isn't it?
That has not happened until recently. MSTR started buying bitcoin in 2020, being a very small player then. People have had 15 years to buy bitcoin, and it still has many years ahead of it.
Til the end? 
The hold can't last forever. One day, sooner or later, everyone will sell and at that moment, someone else will buy. It is possible that the buyer will be an institutional investor.
The hold can't last forever. One day, sooner or later, everyone will sell and at that moment, someone else will buy. It is possible that the buyer will be an institutional investor.
Well, not just bitcoin, I am clear that I am not going to sell any of my financial assets, ever. There may be some exceptions, such as if I have shares in a company I no longer trust and the price falls. In that case I would sell the shares and others that I am in profit to pay 0 taxes.
But it's good that many people only think about selling at some point, so you give money to the state and they won't think about putting an unrealized capital gains tax on us.