Topic: What if Bill Gates buys all the Bitcoin? - page 3. (Read 3789 times)
He can't as I will not sell mine to him. lol
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Bitcoin is super thin market , he would drive the price into the 5 figures almost instantly, creating many bitcoin millionaires overnight.
Bill Gates would never do that. A large part of his wealth (estimated at $ 70 billion) is in fiat cash. If he adopts the Bitcoin and then if Bitcoin replaces, fiat he will lose a lot of money.
If bill gates are buying bitcoin for his 70B networth
we are gonna make bank... big time...
we are gonna make bank... big time...
What if Bill Gates buys all the Bitcoin?
People will stop talking about China.
People will stop talking about China.
Not at all, even if a single entity were to buy every single bitcoin available to date, then hold them, blocks are still going to be generated until 2140. Meaning there will at least be a steady flow of new coins coming in, even at a lower rate. The price per BTC would raise due to demand, so smaller denominations of bitcoin would be required for transactions.
It's extremely unlikely that any single or aggregate entity would attempt to buy out the bitcoin supply, even after the last satoshi was mined. It would be both unprofitable and ultimately beneficial to the bitcoin community.
It's extremely unlikely that any single or aggregate entity would attempt to buy out the bitcoin supply, even after the last satoshi was mined. It would be both unprofitable and ultimately beneficial to the bitcoin community.
More likely Bill Gates would produce his own coin. The Melindacoin or Gatescoin or MSFTcoin. He's got the money to market it and make it huge. He would only want to buy all the bitcoin if he wanted to kill it. "Bill Gates hodling always!" Damn you, I want some!
Lets say a billionaire decides to buy all the Bitcoin,
or the US government in their attempt to make Bitcoin less relevant decides to buy everything available for sale.
All they need to do is buy a few millions which will be a big percentage of the total bitoin,
and with astronomical price most would have been sold and less community...
could that be the end of Bitcoin?
or the US government in their attempt to make Bitcoin less relevant decides to buy everything available for sale.
All they need to do is buy a few millions which will be a big percentage of the total bitoin,
and with astronomical price most would have been sold and less community...
could that be the end of Bitcoin?
Jump to: