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I'm not an expert at all, but right now, I think the only thing stopping them from buying large quantities of Bitcoin is availability. Throwing money at a prob
by bmelton 13y ago
I'm not an expert at all, but right now, I think the only thing stopping them from buying large quantities of Bitcoin is availability. Throwing money at a problem is sort of a unique proposition when the problem is money, and everybody else is doing the same.
The question I would have is what objective would that satisfy? Is there some power in holding a slight majority of the currency? I mean, they already hold quite a lot of regular cash (or at least do transiently), but that doesn't seem to be affecting dollars in the same way that shares in a corporation does.
Perhaps I'm missing it, but I don't know what significance would arise from a single entity holding a majority of the currency. If there is, and I'm clueless, my apologies.