We already have a system of private banks that are interested in doing that, to counter the CBDC move by the Fed. Like the German Raiffeisen, which is a savings and loan type of organisation.

Those would be lots of smaller banks, tho, and not five new central banks. It's the concentration, that is detrimental. 

 So they should buy more BTC 🤷‍♂️ and not Michael sailor should buy less 

 He is free to buy all of the Bitcoin he wants and I am free to find it sus. 

 I get your point but game theory says he's doing the right thing.

I mean, if he believes in BTC, why should he NOT buy as much as he can get his hands on 😂 

 Because heavy concentration undermines trust in the money and reduces its value proposition. 

 Here there be dragons 🐉