Quote from: Fiatless on June 12, 2025, 03:49:56 PM

Quote from: Z-tight on June 12, 2025, 02:49:39 PM

Quote from: Brandon855 on June 12, 2025, 02:15:05 PM

But now that the suits are running the show, the vibe is... sterile.

Who's running what, there are so many similar topics like this and i wonder what problem you guys are trying to create. Even if we all agree that we didn't like institutional involvement in BTC, who's going to stop them from buying it? Are many of us not using BTC today because it is censorship resistant, or we should change that when people we do not like try to buy it.

Nothing's changed, no group or institution is controlling the network or running the show.

The fear is that institutions can easily manipulate the price of Bitcoin if they own a large chunk of it. But there is absolutely nothing we can do about it, since everyone is free to buy, sell or hodl Bitcoin. Bitcoin is not losing its privacy feature because we can still use it without any third party.

https://river.com/learn/who-owns-the-most-bitcoin/

From the chart above, it shows that individuals still holds the highest number of bitcoin and that makes it safe because the institutions are not in power to manipulate the price since they are late to the game and bitcoin is decentralized.

I remember in 2022, it was everyone's wish to see bitcoin price hits six digits and if not for the ETFs, we might not have achieved 100k easily, because the ETFs helped more people who are skeptical about bitcoin to come on board and I believe that was what also motivated other big tech firm companies to have trust and believe in bitcoin to be a store of value due to the slowly debasement of dollar.

I don't think that anyone keeping his bitcoin in his self custody will be worried about the decentralization of bitcoin dying slowly because bitcoin is beyond human long-term manipulation by any entity.