Tuesday, 13 April 2021

Bitcoin Is For Everyone - Not just the Rich/Institutions

Bitcoin is for everyone. Young and old alike. Rich and poor alike. Smart and dumb alike. Many people still think its just for tech nerds, or financial speculators or the "rich".

The problem for these people is they see the price at 60K and think its "too expensive". Or they already "missed out".

I don't know about everyone else, but I am very concerned that companies like Grayscale control aprox 3% of the BTC supply. If central banks and large countries/ institutions try and buy up all the supply, sure it will moon the price, but it may prevent many "normal" people from getting into crypto.

People need to be more educated on what bitcoin can actually become, not just a payment network, or scarce currency, or immutable blockchain, but so much more.

What do you guys think? Will bitcoin just distribute (decentralize) over time, or will big banks and institutions try to corner the market and control the price? Keeping "normal" people out?

submitted by /u/Bitcoin_Barons
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