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Michael Saylor was asked, are you going to sell it and the answer is? No. I am going to buy it.
Right. I bought some. I bought some more. I mean we bought 250 million dollars a year ago. Today we have 6.5 billion dollars’ worth of it. What do I want? I want it all, but I can’t afford it all, because other people are competing with me. And, there are lot of other people with money. They are going to want to get their piece. So, I am not going to get all of it. But, yes I will keep accumulating at whatever rate I can.
Community response: How does is makes sense that BTC is the “solution” for fiat problems but there’s only 21mil of it. If everyone is accumulating BTC then eventually there’s nothing left. The miners can’t keep up at some point when more people join crypto and then what? Am I missing something?
You’re missing the fact that if everyone held their BTC and never sold, 1 BTC would be priced astronomically high. That’s why the potential is huge. Currently, the circulating supply is give or take 10 million. Many BTC got lost, and Satoshi‘s wallet is not selling any.
Imagine, if the circulating supply drops further down. Especially, after each Halving BTC will get rarer and rarer. Technically, it will be sort of impossible to buy all, because the price per BTC will be so high that people won’t be able to afford it.
It could get to the point that one Satoshi could equal one dollar. One bitcoin has 100 million Sats.
If you or whales control a large % of BTC what’s the point of it? seems contradictory of the messages you send. This isn’t proof of stake you don’t get more power over the network by holding more.
If one entity possesses a substantial percentage of the entire market that’s certainly a risk like cornering a market. One entity would have the power to tank the market at a whim.
But then why? Or, one entity in the world could help keep its integrity. Saylor himself says he will never sell. So the value keeps rising.
This is the trend since almost 10 years ago, as soon as people realized BTC is bad as “currency”. Better to accumulate it and never ever use it. LOL.
You’re a cool billionaire. You say a lot of correct words about bitcoin. But what should those who do not have the opportunity to enter this new wave and buy even 1 bitcoins do? You better help these people become a little bit richer.
They all should buy bitcoin. Some will have 90 years of life left. Bitcoin price in 50 yrs (their retirement age). Enough.
