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Aren't majority of bitcoin held by a small majority, that is both international (read China) and anonymous. So, who will participate in this massive backlash i
by yumraj 6y ago
Aren't majority of bitcoin held by a small majority, that is both international (read China) and anonymous.
So, who will participate in this massive backlash in the US besides Elon Musk and Dorsey whose companies have public positions in bitcoin, and a few others?
- jsutton 6y ago1. It's a false narrative that majority of bitcoin is held by a small majority, as this doesn't account for custodianship services, funds, lost coins, etc. [1] 2. Many companies and citizens and even the US gov itself have over $1M in bitcoin, to name a few: Square, Microstrategy/Michael Saylor, Greyscale, Tim Draper, Winklevoss/Gemini, etc [2] Safe to say, Bitcoin and crypto is Big Business now in the US, with hundreds of companies and startups in the space based in the US. [1] https://insights.glassnode.com/bitcoin-supply-distribution/ https://insights.glassnode.com/bitcoin-supply-distribution/ [2] https://www.kevinrooke.com/bitcoin https://www.kevinrooke.com/bitcoin