Quote from: avikz on Today at 03:06:16 PM

It's great that day did not invest in bitcoin. We do not want more corporate or government to come into this market and buy a huge stash of Bitcoins. Bitcoin needs to stay in the hands of common people like you and I. Really we don't need corporates to get into bitcoin.

In a couple of years, these corporates will become so powerful that they hold the power to manipulate the market at their own will. We do not want that. Glad that Microsoft voter against buying bitcoin. I hope it stays that way forever.

Well it's probably too late to hope for that. Hundreds of companies and institutions
have already invested in bitcoin. The current bitcoin cycle and record high prices
we are seeing is largely driven by institutional adoption, while retail is mostly absent.

Why? Probably because the "smart money" understands the value proposition of bitcoin.
While the dumb money doesn't and is busy screwing around with things like memecoins,
lottery tickets, online (and physical) casinos, sports betting, etc.

I believe it helps to have more companies and institutions holding bitcoin than fewer,
to prevent too much concentration in the hands of the few.