Skewed distribution.
Power corrupts, absolute power corrupts absolutely.
Sadly, there is no solve for this problem unless those that have the largest wallets distribute their majority amongst the masses.
I’d also hesitate assuming the institutions are coming en mass.
Why would institutions adopt, en mass, a currency which will eventually topple them over?
They’ll cling to the dollar till the last Weimar mark.
Interesting. I started thinking about this from a place of un-ease around the ETFs, not the skewed distribution. The fact that individuals who care about Bitcoin hold more Bitcoin than BlackRock gives me hope that the balance of power will be more fair than it has been before.
It’s hard to know what the future holds, both short term and long term. But the same way that individuals who have been paying attention hold Bitcoin today, we should expect institutions to want the hedge as well.
Institutions aren’t taking it seriously.
Nor will they.
Maybe in LatAm first.
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