Quote from: Abiky on August 20, 2025, 10:09:14 PM

Ah, yes. Just a slight miscalculation on my part. Anyways, you get the point. Governments and institutions only hold a fraction of the circulating supply. 10% is very minuscule compared to the rest of the "pie" (which is 90%).

Roughly speaking, spot ETFs + Saylor hold about 10%, which is easy to verify, but there are many smaller investors in this story who together hold a few percentages, but the real question is how much have those who we don't know about and who are not required to publicly disclose bought?

It is in the interest of all of them that the price be as low as possible, and if you look at how much BTC has flowed into ETFs since the beginning of 2024 and how much it actually affected the price, then it is clear that they are succeeding.

Quote from: Abiky on August 20, 2025, 10:09:14 PM

I hope most of the BTC in circulation remains in non-custodial/self-custody wallets for the foreseeable future. It's for Bitcoin's own good. Otherwise, powerful entities would be able to manipulate prices (and possibly bribe developers) to their hearts' content. Is this what Satoshi wants? No. A lot of things can happen in the future, so better be prepared for the worse just in case.

Aren't they already manipulating the price? Today, the price is about $10k lower than a few days ago, and it's not ordinary people who are responsible for that, but big players who decided it's time to take a little profit and now buy at a reduced price.

In fact, there are too many coins in the wallets of those who are only interested in profit, so Bitcoin will continue to remain volatile because it is possible to earn a lot of money in a very short period of time.