The only way to offset this huge, uneven distribution of bitcoins, or to stop them from acquiring even more is for the price to shoot up so high that the risks would soon outweigh the benefits of acquiring coins.
And do you think that people will invest more in
BTC if they see the value skyrocketing at $100k for example?
We're still not over that newbie concern of not investing because they can't afford an entire bitcoin, a thing which makes no sense but on top of that there will be also the fear of an imminent crash, as bitcoin has a history of rapid ups and downs.
And there is one more thing, where would people who have not invested yet find the money to buy more at those rates, as we can assume that at this time there are two categories left
- those that have no money and who will still have no money
- those that were afraid to invest who will react the same as those investment funds, still afraid to do so
While they have the capacity to risk more than us, they would surely still think twice to invest if they are already sitting on a huge pile of money with the bitcoins they already acquired. Either way, more people coming in on the industry is good, but it's alarming that tens of millions are being controlled by a few entities.
Those entities are not that few, those bitcoins which are "owned" by grayscale are actually owned by investors, and one company can have a multitude of those and a lot of the investment funds that are buying grayscale stocks are themselves owned by a multitude of persons. Them holding coins is the last of our problems, better to have those owned and stored by some known public companies that have to go through SEC filings than some unknown guys who played the pump and dump whale game for a little too much time in my opinion.
