I'm starting to wonder which company will be next? Will it be Walmart, Amazon, or Apple? What do you think will happen if one (or all) of these major companies invest in Bitcoin? Will it benefit the market immediately? Or will it take some time? Do you think such companies will control a huge portion of Bitcoin's supply, effectively making it centralized? Your input will be greatly appreciated. Thanks in advance.
The most interesting point in your topic a question about centralization. We know Bitcoin is a decentralized cryptocurrency, but if a major part of Bitcoin accumulates by all the centralized organizations then we will face a problem. Because due to holding a major part of the Bitcoin they will able to manipulate the Bitcoin market as they want. I know if one or all of these companies invest in Bitcoin then the price would record a new ATH and also it would be a massive adaption. But most probably it would drive to centralization as you said. Rather than accumulate a huge amount, if they accept Bitcoin for payment, then it would be massive and long time adaption forever until they accept.
It's already here now, its called TBTF - TOO BIG TO FAIL, once any financial instrument is a critical part of the retirement system, and/or cop-fireman pension system, then the FED will bail out every loss.
We're here now,
The irony of course is that BITCOIN Satoshi mythological narrative was that BTC was going to free us from FIAT and the system, the reality is that BITCOIN is just same-same with 100% absolute tracking, and loss of privacy.
Go figure, ahh but you all going to get rich on virtual paper.
Starting in the Fall of 2000 during the COVID spending spree, it was decided by Institutions that BITCOIN was the place to park your cash, thus $350B of new money flowed into BITCOIN raising the price from $10k to $63k, now with a 20% pullback, its not like the real 'money market', its more like a casino ( which reality thinkers already knew )
The institutions are frantic to find places to park cash that isn't theres, all the new money that came into BTC was either OPM, or borrowed (Musk)
There is no doubt at this point in time that FED covers both BTC-ETF's, and BTC itself, given IRS control's COINBASE.
Bitcoin is increasingly popular and developed. It's great if Amazon, Apple, Microsoft approved Bitcoin and watching Bitcoin as a legitimate method as Tesla did. I think the market will be very exciting. When companies that adequate Bitcoin, Bitcoin will be widely applied and will be a common method and investment channel in the future.
The market turns exciting for some time period, after that one by one try to hold the maximum possible. This will make the majority of the bitcoin holdings under the mentioned big players of the market. This will ruin the decentralized feature, and the same will make the market easy manipulative. When market is centralized and highly manipulative we can't see the market to be exciting as now.
As soon as BTC futures came to be, and now BTC-ETF's all was lost, just like GLD controlling the price of GOLD
The system now controls BITCOIN pricing, they can do as they wish, 'fractional reserve bitcoin' is here, they can sell 100x btc , or buy up to them
They can pull in new fish by the promise of getting rich, or they can issue news to force the fish to sell to bring money-velocity up, the last thing on earth that the system wants is HODL, the entire reason for CBDC and virtual-yuan in China is that the digital-currency loses value if you don't spend it as soon as you obtain it
Original Satosh BITCOIN enablers, never saw BTC as "Get Rich Quick" which is 99% of this board ( forum aka bitcointalk ), funny thing is that under new management (IRS/FED) Biden is going to tax the hell out of these gains, like they said on the Batman movie, we told Bitcoin would take you places, we never said "Good Places".
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