Re: Should we be concerned big firms and countries are hodling more bitcoin?
No sire! It is the global adoption we have prayed for since a decade+ now.
Yes, it is a global adoption and we dont have a reason to be worry about the big firm adopting Bitcoin but we should be concern if their adoption system or model operation is treating Bitcoin like Jpeg.
It is definitely a big concern.
If countries or powerful people accumulate too much power, it defeats the purpose of bitcoin. The real purpose was to empower poor and weaker sections of the society. But if powerful have most of the bitcoin, they will become powerful and weaker section will suffer more. There is an additional concern that rich might be accumulating with different identities.
No, bitcoin is not a charity coin. It's purpose is neither to empower the poor nor to strengthen the weak. The purpose of bitcoin is to create freedom in the finance work and have an alternative to a centralized fiat.
Again, if rich people are buying bitcoin with different identities, it is a welcome development. Meanwhile, you don't need an identity to own bitcoin.
Agree with you. Bitcoin was created for everybody and its main purpose is the creation of digital currency with no trust of the third party.
About the institution or rich folks becoming powerful in the market we have to prioritize he use of noncustodial for long term holding, and never invest in ETF which treat Bitcoin like jpeg.