Why doesn't one multi-billionaire buy a huge share of all bitcoins?

[Iranus]

There is one difference between those billionaires and us is that they are already rich and what they need is an investment/asset that is both safe and profitable. Meanwhile at that time, bitcoin was just a speculative, bump&dump game, and the future was still uncertain. It is more suitable for people who want to get rich quick with small amounts, rather than those with billions of dollars in assets.

I believe that if you or any of us were billionaires, we would be like them, we would not believe and need bitcoin at that time.

So it's no surprise that they didn't invest at that time or that many billionaires today are not interested in bitcoin, because they were already very rich and they have many ways to get rich.

[Eternad]

There are billionaires worth over $100 billion, and even more worth between $10 billion and $100 billion. So why haven't any of them bought most of the bitcoins? They could have done so, for example, in 2020, when the price of bitcoin was $5,000-$8,000. Bitcoin's market cap is now less than $2 trillion, and it used to be even less. Some multi-billionaire could have bought at least 10% of all bitcoins, but why hasn't anyone done so?

There is a saying "To each his own".

You can't force someone even if they're rich to buy bitcoin just because it's value appreciates fast. Each person has their own preference and bitcoin is very volatile and they are definitely aware that it is.

Those billionaires have enough investments and stream of income that they don't bother investing on a highly volatile asset.

[hyudien]

There are billionaires worth over $100 billion, and even more worth between $10 billion and $100 billion. So why haven't any of them bought most of the bitcoins? They could have done so, for example, in 2020, when the price of bitcoin was $5,000-$8,000. Bitcoin's market cap is now less than $2 trillion, and it used to be even less. Some multi-billionaire could have bought at least 10% of all bitcoins, but why hasn't anyone done so?

The answer to your question is actually quite complicated, but perhaps the reason is that not all billionaires believe in bitcoin, second most billionaires typically diversify their portfolios across multiple assets, furthermore most billionaires are leaders of public companies or large entities that must comply with strict financial regulations so they must be cautious if they want to invest significantly in bitcoin, however with the current adoption rate, we can clearly see that they are starting to believe in bitcoin as a way to generate profits.

[Wake Up]

They probably wouldn't have been able to do this in the past, because a sell order was entered at every price. Furthermore, things aren't as easy as they used to be. With many software programs, the sale price will instantly rise as soon as there's an increase. Furthermore, there isn't just one Bitcoin exchange in the world.

To give an example from when Bitcoin's price was between $5,000 and $8,000, the number of Bitcoins in circulation was approximately 18 million. While mathematically it might seem like you could buy all the Bitcoins, Bitcoin's market value is the most recent selling price multiplied by the circulating supply. In other words, with the increase after buying a few thousand Bitcoins, Bitcoin would no longer be $8,000 but likely reach $15,000-$16,000. Furthermore, not all Bitcoins in circulation are sold on exchanges. Many Bitcoins are HODLed and sitting in wallets. While theoretically possible, this is practically impossible.

[Fiatless]

There are billionaires worth over $100 billion, and even more worth between $10 billion and $100 billion. So why haven't any of them bought most of the bitcoins? They could have done so, for example, in 2020, when the price of bitcoin was $5,000-$8,000. Bitcoin's market cap is now less than $2 trillion, and it used to be even less. Some multi-billionaire could have bought at least 10% of all bitcoins, but why hasn't anyone done so?

Investment is about interest. Only a few billionaires believe that Bitcoin is a worthy investment. Others might not want to invest all they have in Bitcoin,  so they end up diversifying their investment to different areas. A valid answer to this question would have come through research.  Maybe OP can decide to investigate this question.

[AVE5]

Some multi-billionaire could have bought at least 10% of all bitcoins, but why hasn't anyone done so?

Before I became a coinner that was few years ago, I had that same thought why can't the billionaires of the world such as Elon Musk and the rest institutions invested on bitcoin just buy the whole of the bitcoins and hodl it in other to make profits in the future since the speculations goes around that bitcoin is volatile and it price will increase beyond the sky limit.
But that was all a dump head thinking. I failed to understand that when demands in the bitcoin market is high, the volatility pressure increases whereby, the price increases too which means it'd be too expensive or likely impossible for those folks to buy the whole of the 21 million provided bitcoins. Besides you can't be faster than the shadow because you can only buy what available bitcoin miners has mined.

Bitcoin is reserved assets which means when on fews people has it all or more, the profits they'll make will be very shallow. Which means the profits will be very poor and the strategic market plans in the ecosystem is viewed that when new buyers successfully buys a huge amount of bitcoin, the recent holders makes profits out of it. Getting this understood, when all the big buyers shares the bitcoins among them and no chances for others to buy after them, then the price will either Pegg on a resistance level or market price may permanently remain bearish since the market gains momentum to pump when there's new buyers.

[YOSHIE]

Some multi-billionaire could have bought at least 10% of all bitcoins, but why hasn't anyone done so?

Their confidence in billions of Bitcoin is one reason, because they do not buy some Bitcoin, they prefer to invest in reality, such as gold, property and so on.

In fact, if they understand and be confident in Bitcoin, of course they will choose and think a good chance of choosing Bitcoin today, for example in 2020, that is a big problem for some billionaires.

[SOKO-DEKE]

There are billionaires worth over $100 billion, and even more worth between $10 billion and $100 billion. So why haven't any of them bought most of the bitcoins? They could have done so, for example, in 2020, when the price of bitcoin was $5,000-$8,000. Bitcoin's market cap is now less than $2 trillion, and it used to be even less. Some multi-billionaire could have bought at least 10% of all bitcoins, but why hasn't anyone done so?

The truth is that most of these billionaires and multi-millionaires do not have their money in cash. Their wealth is under properties and investments. So, it is not easy for them to simply divert their money from other businesses or investments into Bitcoin investment.They need to first understand Bitcoin investment well. Even those who invested in Bitcoin early with large amounts of money were just taking an opportunity as they take the risk. Many did not trust Bitcoin from the beginning. It's only few years as the Bitcoin market increasing that people some billionaires started seeing it as a good investment.

Now, those who understand and trust Bitcoin have starting to invest large sums of money. Another reason many wealthy people didn’t invest in Bitcoin earlier was due to government restrictions. In the early years, many countries banned Bitcoin as bitcoin was getting more recogination, and there was no way to invest in it legally because exchanges were not operating in those countries.

[Odogwu-Blockchain]

Someone who already have a multi billions dollars won't be thinking of investing in Bitcoin, most billionaires don't have trust for Bitcoin and at the same time may not have the time to monitor and go through Bitcoin investment stress any longer since they are already stinking rich and have e successful businesses already.

I think these billionaires has already mastered the art of getting enough, they knew that been consistent in one direction of investment is more profitable than jumping from one assets to another and that those that sticked to real estate remains there, Gold remains there, silver remains there and so on. Maybe they have been affected many times trying to divert except they have a grounded knowledge in multiple assets, and besides, Bitcoin is just pretty new to these assets while they still watching.

The average class and youths are the most fan of Bitcoin, and not the old rich fork's, those guys will only gamble with Bitcoin Price for short term profits, and they don't have long term investments plans or trust Bitcoin to survive for a life time.

Billionaires doesn't think short term, when they come in, it's for long period that's why they have to understand exactly the decision they wants to take before execution.

[headingnorth]

Why doesn't one multi-billionaire buy a huge share of all bitcoins?

...So why haven't any of them bought most of the bitcoins?

Because bitcoin's marketcap is worth trillions, not billions of dollars.
So you'd have to be a trillionaire, not merely a billionaire, to buy up most of the supply.

Secondly, you'd have to find enough people willing to sell you their bitcoin, and since most
are long-term holders it is simply not possible to find enough sellers to sell to you at current prices
for you to stack most of the bitcoin in the world (over 50% of the total supply in existence).

Even if someone had the money, it is simply not possible to do it without massively driving up the price of bitcoin
in the process of trying to accumulate more than 50 per cent of the supply. It would take you many years of buying,
not something that can happen over night. In the meant time you are competing with millions of others also trying
to buy a very scarce and limited asset, massively driving up the price in the process.

So in the end it is simply not possible to do it.
.

[Kagaru]

The truth is that most of these billionaires and multi-millionaires do not have their money in cash. Their wealth is under properties and investments. So, it is not easy for them to simply divert their money from other businesses or investments into Bitcoin investment.They need to first understand Bitcoin investment well. Even those who invested in Bitcoin early with large amounts of money were just taking an opportunity as they take the risk. Many did not trust Bitcoin from the beginning. It's only few years as the Bitcoin market increasing that people some billionaires started seeing it as a good investment.

Now, those who understand and trust Bitcoin have starting to invest large sums of money. Another reason many wealthy people didn’t invest in Bitcoin earlier was due to government restrictions. In the early years, many countries banned Bitcoin as bitcoin was getting more recogination, and there was no way to invest in it legally because exchanges were not operating in those countries.

Most of them are honestly stuck up in their businesses, real estate, and stocks so that when you want to put on tons of money in something like Bitcoin it is not easy without risking a lot of money. And, Bitcoin has been rather unstable and unpredictable over the years and most of them would have been wary or at least not too familiar to invest in at this point. It was also difficult in most areas of the country since it was regulated by government or just dangerous to order large quantities. It was only at the start of this year when some of the billionaires have begun to take the Bitcoin seriously as an investment and by this time, the prices are already on the rise. It is not only the question of having the money, but there is the timing, the risk, knowing the market.

[ManHatOn]

Billionaire Paul Tudor Jones Calls Bitcoin ‘Very Appealing’ as Bitcoin Price Heats Up

....The legendary hedge fund manager pointed to a combination of unprecedented fiscal and monetary conditions driving the rally.

Jones pointed to the combination of a 6% U.S. budget deficit and an ongoing Fed easing cycle creating conditions unlike 1999, when a surplus and rate hikes prevailed. He noted that while the next year could see substantial market gains, investors should remain cautious, as the peak could arrive abruptly.

Jones noted that the largest price increases occur in the 12 months leading up to a market top, so active risk management is essential even during strong rallies. When asked which assets are positioned to benefit, Jones singled out gold and Bitcoin....

https://bitcoinmagazine.com/business/billionaire-paul-tudor-jones-calls-bitcoin-very-appealing-as-bitcoin-price-heats-up

Billionaire Paul Tudor Jones bought a large amount in 2020 around the time the crazy Covid shutdown was getting started. After announcing he had made the investment, a significant BTC Bull rally went on for months.

[sunsilk]

Because these billionaires won't buy something that they don't know. And that's why if they have businesses that earns them money, why would they waste any penny on something that they have no idea with?

They don't have any time to learn what bitcoin is and that's why they are ignoring it. But once they start knowing and learning about it, I think that they'll get the idea of how it goes and how favorable it is for people like them that can buy a bunch of it.

All the advantage is on them whether they buy during the peaks or lows if they have plans of long term holding.

[PX-Z]

There are billionaires worth over $100 billion, and even more worth between $10 billion and $100 billion.

Because they don't have such cash or bank account balance, most of them are in a form of assets, stocks, company shares, businesses, investments, you named it. While few have just thousands invested just for trial or what, but most doesn't want to try regardless of the positive outcome bitcoin have since 5 years ago, and some are just holding back their ego after getting humiliated from what they have said years ago about bitcoin.

[Felicity_Tide]

There are billionaires worth over $100 billion, and even more worth between $10 billion and $100 billion. So why haven't any of them bought most of the bitcoins? They could have done so, for example, in 2020, when the price of bitcoin was $5,000-$8,000. Bitcoin's market cap is now less than $2 trillion, and it used to be even less. Some multi-billionaire could have bought at least 10% of all bitcoins, but why hasn't anyone done so?

AFAIK, some of these rich people are good business men, and I believe that a very good business person knows too well that it is not advisable to gather all eggs in one basket. How you see things is literally different from how these people see things. Of course, some of them believe in Bitcoin, and they are willing to risk a certain amount. But when it comes to risking their entire worth based on your calculations, they just don't/won't do that for certain reasons that only the rich men would understand. I personally don't know the reason, but I think it has to do with the fact that they can't take such risk, by putting all their eggs in a single basket.

And if you've noticed, majority of these rich people practice diversification a lot. Their businesses and investment are not centered around a particular idea. They get involve in stocks, real estate, and so many other things. I don't think a rich person with a worth of $100B would have willing invested everything in Bitcoin. They have their way of taking risk.