Bitcoin Magazine: MicroStrategy now owns 1 out of every 161 Bitcoin that will ever exist

Community Reaction:  There is also human nature at play: other whales and institutions may be reluctant to buy bitcoin just to avoid creating mega powerful Michael Saylor. Bitcoin can’t be “hope” for the world when like only 10 million people own bitcoin. And centralization anyone?

And, Satoshi Nakamoto owns one out of every 21 BTC that will ever exist. I don’t think these are things that we should be celebrating.

Wasn’t BTC supposed to be money for all people. MSTR just proves that narrative to be wrong. If BTC survives and FIAT is going down, the power of accumulated BTC value belongs to a few. Like in the FIAT world.

This is so centralized about BTC and Decentralization is now in jeopardy.

When the bull market starts, and Michael Saylor sells – imagine how it would be?

Can see a dystopian future where they wield more power than nation states and start abusing it. Please someone write a novel. I’d like them to have an army with laser weapons. Thanks.

Someone had to buy it. The other so called big Boi’s and Gul’s aren’t. I’m small fish don’t worry about me I’m buying.

If only the major companies and ultrawealthy own the majority of Bitcoin, how does this help keep currency flowing and convince the world and people to switch over to purely digital currency? What good will it do if only companies like Micro own everything?

Sure, companies could flood market with bitcoins, but eventually they would have sold all of them and the people would own them. Big companies could manipulate things, and control prices and sell high and buy low, but I think that’s been happening since Wall Street’s conception.

It seems to me that one entity owning this much potential power is not going to sit well with other powerful players in the financial world. And they are not going to like Saylor being King of the World. He has to create resistance.

Microstrategy is the posterchild of what not to do in a downward market when you are unhedged and there are billion dollars in the hole and climbing. By the way when one person owns 1/161 of anything that is not decentralized in anyone’s imagination That is trying to corner the market.

Not the best situation. It’s too much for one entity to own. What institution or country would want to be part of Bitcoin when they know there’s entity that owns 0.70% to 1.00% of the asset. And this is supposed to be a global reserve asset? Doesn’t compute.

It’s actually great. If retail sits back and does nothing, and others liquidate, this is good. If you are worried about it then you understand nothing about the bitcoin monetary system.