Can 100 billionaires buy total supply of 90% BTC?

[PrivacyG]

If it is possible then 2. Will Bitcoin be able to maintain its decentralized position? Or will it be played by a small number of people like current fiat currencies?

This is one thing none of us can control.  If they get to own this much of the Bitcoin supply then it is what it is.  Enforcing the rich to become poorer affects everybody and makes Bitcoin not a free economy or currency any more.

Further more.  It is our fault collectively for letting them do this and purchase enough Bitcoin.  There may be 3 thousand billionaires but we are billions of people.  Collectively, we could do more than 3 thousand billionaires can.  Yet, most of us are fooled into selling Bitcoin thinking it collapses soon and most of us rather purchase clothes and cars than have an eye for savings and investments.

In my opinion.  No matter how hard a free currency is worked on, the average person will continue to fall into the traps set by the rich and more experienced.  Like all roads led to Rome, all roads here lead to the same ending.  When an asset becomes powerful, powerful people will be playing it in their hands.

[9ja Amaka]

Not possible.

Up to 50% of Bitcoiners are holders. 20% is probably holding for the long term. Also, big institutions like MSTR and 21 capital hold more than 10% of Bitcoin in their company. Let us also talk about countries holding bitcoin for reserve. Why this wont be possible is because there are not enough people willing to sell their bitcoin as it stands.

[Don Pedro Dinero]

You did the math without taking into an important factor. Networth ≠ Liquid cash. You see their networth is coming from stocks, bonds, investment on many things and their valuation, gold and simply any asset. So if you see someone valued at 10 billion that doesn't mean they can free up 10 billion and just buy bitcoin with it.

Well, that's one factor, but the other factor that I think is more important in showing that the mathematical argument put forward by the OP is nonsense is provided by serjent05:

Assuming these Billionaires do buy aggressively,  then Bitcoin price maybe go way beyond the $2 million.  Remember in every demand the supply react.  People will tend to increase their price when they see that there is a FOMO happening in the market.

This, which is obvious, has not been taken into account in the OP, which means that all the (rather simplistic) calculations he has made are useless. He has taken a snapshot of the market, which is dynamic. It does not work the way he thinks it does.

[Catenaccio]

Well, that's one factor, but the other factor that I think is more important in showing that the mathematical argument put forward by the OP is nonsense is provided by serjent05:

Assuming these Billionaires do buy aggressively,  then Bitcoin price maybe go way beyond the $2 million.  Remember in every demand the supply react.  People will tend to increase their price when they see that there is a FOMO happening in the market.

It is a clear point but people somehow missed it.

Supply and demand principle always works in short term and long term. The millionaires or billionaires can invest their money in Bitcoin market by buying bitcoins gradually or aggressively in short time but their demand will lead price up. Firstly we must think of how price reacts with massive purchases from millionaires or billionaires and we with our smaller capital can follow those whales. We fortunately can purchase bitcoins and finish our accumulation in shorter time than whales, and we can wait for chances to take profit.

OP can see this point, whales will continue their purchases as with big capital their accumulation can not be done too quickly. We can take advantage of it, and take profit when whales buy bitcoin up.

[pancelot]

Today, while watching the predictions of various big businessmen about Bitcoin, one thing occurred to me - the price of Bitcoin will be one million, but before I thought it was a matter of time, but my research says that it is possible to have 2 million within two years not one million, and it is really possible. According to the international media or business magazine Forbes, there are a total of more than 3,000 billionaires in the list of The World’s Billionaires 2025 around the world. According to this report, the combined wealth of these billionaires is about $16.1 trillion. If only 100 people buy 90% of the total circulation, then its price can be 2 million. Total supply Bitcoin = 21,00,000 and total 90% of circulation = 18,900,000 BTC

Let's say,
Price per Bitcoin = $100,000 (although the round figure has been taken to facilitate the calculation due to price fluctuations) then if you calculate 1.89 trillion USD will be the total price of 90% of Bitcoin. If the total amount of this price is calculated and divided among 100 people, then each person will cost only 18.9 billion USD. Which is not impossible for investors like them. we know that when so many BTC are bought together, the price will skyrocket, but even then I think it is not impossible. Now my question is: 1. Is it possible, 100 (or a certain number) billionaires buy 90% of the total circulation? If it is possible then 2. Will Bitcoin be able to maintain its decentralized position? Or will it be played by a small number of people like current fiat currencies?

Indeed, if we do the math, a hundred billionaires could actually buy up to 90% of Bitcoin. But I think that's very difficult to achieve in the real world. The thing is, most Bitcoin isn't sold on the market, so liquidity is quite thin. Once a large purchase occurs, the price will immediately spike, and the required capital can be much larger than initially estimated.
Furthermore, even if an individual or group holds a lot of Bitcoin, they probably can't control the network at will. The rules remain the same: a maximum of 21 million BTC, protected by Proof of Work, and thousands of nodes worldwide. All transactions are also visible on the blockchain, so the movements of "whales" can be monitored by anyone.
Furthermore, large holders will usually sell some to profit. This spreads ownership back into the market. So, instead of making Bitcoin like fiat, which is easy to control, it actually shows that Bitcoin is scarce and difficult to manipulate.

[Muba20]

we know that when so many BTC are bought together, the price will skyrocket, but even then I think it is not impossible.

There are many things involved in investing. Market movements will not always follow the formula. Not everyone will buy Bitcoin at the same time, nor will they sell. Since not so many Bitcoins will be bought at the same time, the mathematical logic that follows will not be successful. However, it is certain that Bitcoin will rise. Even if all the rich do not buy Bitcoin at once, its demand will gradually increase through the purchase of Bitcoin and its price will also increase. If those who are accumulating Bitcoin can continue to accumulate Bitcoin for the next few cycles and they will make big accumulation of bitcoin.

[dezoel]

Supply and demand principle always works in short term and long term. The millionaires or billionaires can invest their money in Bitcoin market by buying bitcoins gradually or aggressively in short time but their demand will lead price up. Firstly we must think of how price reacts with massive purchases from millionaires or billionaires and we with our smaller capital can follow those whales. We fortunately can purchase bitcoins and finish our accumulation in shorter time than whales, and we can wait for chances to take profit.

OP can see this point, whales will continue their purchases as with big capital their accumulation can not be done too quickly. We can take advantage of it, and take profit when whales buy bitcoin up.

I am both happy and sad at the same time. I am happy that there are many people here who can see the math behind this and realize that you can't do this, because it would create the price to be so high and marketcap insanely high that we are not going to end up with people being able to afford it, billionaires or not.

Richest 1000 people can get together and still not be enough, richest 10k people can get together and it still wouldn't be enough. And that is even if all bitcoins were on sale, and when you consider that not all bitcoins are all on sale, that means they can't even buy it even if they had the money. So as you can see, it is literally impossible for the rich to get majority of bitcoins, that's just not going to happen.

[Onyeeze]

Yeah calculation analysis is where people get confused of your question but from my own understanding of a point of view I know that you are emphasising on the percentage of three people to buy almost 90% of Bitcoin, secondly if it is people buy 90% of Bitcoin if bitcoin will continue be a decentralized currency or not

But the thing is that 100% cannot buy bitcoin or because there are miners who mine bitcoin continuously so I believe that those miners who mind Bitcoin no matter the total percent your purchase in Bitcoin it will not affect bitcoin not to be dcentralized currency

[beveryu778]

Yeah calculation analysis is where people get confused of your question but from my own understanding of a point of view I know that you are emphasising on the percentage of three people to buy almost 90% of Bitcoin, secondly if it is people buy 90% of Bitcoin if bitcoin will continue be a decentralized currency or not

But the thing is that 100% cannot buy bitcoin or because there are miners who mine bitcoin continuously so I believe that those miners who mind Bitcoin no matter the total percent your purchase in Bitcoin it will not affect bitcoin not to be dcentralized currency

How can just 100 billionaires buy 90% of the Bitcoin supply? Bitcoin is not a coin that only a few people own. According to Coinbase data as of 2023, there are 108 million Bitcoin users worldwide, which is much more now. Out of all those people, do you think only 100 people can buy Bitcoin? I don't think it's ever possible for just 100 people to hold 90% of Bitcoin. Because the more people try to buy from the Bitcoin market, the more Bitcoin's price will increase and the market cap will hit several trillion dollars.

[tread93]

You did the math without taking into an important factor. Networth ≠ Liquid cash. You see their networth is coming from stocks, bonds, investment on many things and their valuation, gold and simply any asset. So if you see someone valued at 10 billion that doesn't mean they can free up 10 billion and just buy bitcoin with it.

And if they try to liquid some of their asset like their company share of 10% that just crash their total valuation.

Yeah it would, liquid cash is a good point too. These billionaires have their money tied up in so many places. I do think bitcoin will eventually hit 1 million, I really do. It has everything going for it right now I can't see how it can't continue to rise at an unbelievable rate. Bitcoin has a funny way of making people regret not buying it and that's also why you don't see a ton of people who own bitcoin lining up to sell it unless they have to. I think most bitcoiners want to see how it's going to play out and so they will gladly hold onto their coins for as long as they can, they don't want to miss out and they don't want to decrease their exposure unless they are trading or getting into other crypto projects or non related crypto projects they see their capital being put to use elsewhere and cashing out of it.