Bitcoin was supposed to be a big fuck you to old money and financial institutions.
Look at you all now celebrating the continuous pooling of Bitcoin to your Lord and masters.
restore_democracy on
This graph doesn’t reflect that.
xmrstickers on
We did it, we defeated legacy banking and finance!
Wait what do you mean spend bitcoin? P2p digital cash? Lol I’m just here for rent money
donaudelta on
BTC becomes a utility coin. Interesting but price wise it could depress. Centralization is not good.
Character_Credit on
Isn’t this just the polar opposite of what people wanted early into this, big financial companies controlling more of the supposed breakaway from it.
But hey, I said this years ago, enjoy this as an alternate asset.
felya on
Ponzi scheme
acorcuera on
Nothing is stopping retail from buying except maybe the price of a whole coin but you can buy fractional shares. A lot of people are still afraid of it. But look at the trend. States, Nation states, publicly held companies, millionaires, billionaires are buying large amounts.
lovehatewhatever on
This is centralization and horrible
CriticalCobraz on
Microstrategy holds over 600k BTC of these 900k BTC
_redacteduser on
This will surely end well for the common folk.
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Source: [https://x.com/BTC_Archive/status/1948725594201501819](https://x.com/BTC_Archive/status/1948725594201501819)
And Microstrategy owns 2/3 of that.
Great
All because the retail couldn’t hold their bags.
Bitcoin was supposed to be a big fuck you to old money and financial institutions.
Look at you all now celebrating the continuous pooling of Bitcoin to your Lord and masters.
This graph doesn’t reflect that.
We did it, we defeated legacy banking and finance!
Wait what do you mean spend bitcoin? P2p digital cash? Lol I’m just here for rent money
BTC becomes a utility coin. Interesting but price wise it could depress. Centralization is not good.
Isn’t this just the polar opposite of what people wanted early into this, big financial companies controlling more of the supposed breakaway from it.
But hey, I said this years ago, enjoy this as an alternate asset.
Ponzi scheme
Nothing is stopping retail from buying except maybe the price of a whole coin but you can buy fractional shares. A lot of people are still afraid of it. But look at the trend. States, Nation states, publicly held companies, millionaires, billionaires are buying large amounts.
This is centralization and horrible
Microstrategy holds over 600k BTC of these 900k BTC
This will surely end well for the common folk.