Since Bitcoin's supply is limited (with only 21 million being total supply mined, and currently over 19 million has been mined), isn't it actually a bit bad for Bitcoin that companies and individuals could accumulate so much, especially when looking at it long term?
Microstrategy currently amassed 140,000 Bitcoin, and they only started buying them about 2 years ago. So Microstrategy basically owns around 0.7% of all the mined Bitcoin in the world. Combine that with the fact that around 4+ million of BTC has been lost forever (lost keys, completely dead wallets etc…), they own probably around 1% of all the Bitcoin available. And that is just a single company that still plans to accumulate more.
It's different when CEX-es like Coinbase and Binance get so much because that belongs to many other individuals, but this is literally a single company. Imagine if they accumulate two-three times more of that in few years, and other companies/governments/entities do the same. Is it really a good thing, especially looking at it long term, since a lot of us are positive when reading news of Microstrategy buying a new Bitcoin stash.
submitted by /u/mbdtf95
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