The impact of the SQUARE and MICROSTRATEGY purchase

[Wind_FURY]

It's not just Square, and Microstrategy,



Their impact can both be positive, or negative. Being among the largest HODLers of Bitcoin, they should have the responsibility to help in the development of the Bitcoin economy, and in the aspect of Bitcoin education.

Interesting to see that more than 2% is held by these companies moreover if you reduce the bitcoin which is not in circulation or is completely lost this percentage would go futher up this means that they will get some big power to manipulate the markets too. Moreover other companies who would now try to enter would consider this factor too. I think if more corporates become determined to buy bitcoin we definitely are going to see price skyrocketing. But for that companies would want volatility to be on the lower side because these companies won't be taking big risk with public money.

I won't bother about the markets. I believe as more Bitcoins go in the custody of a few powerful groups, Bitcoin would cease to be a permissionless, and censorship-resistant system.

Plus what are Square and Microstrategy doing to help user growth, and infrastructure development? Are they simply rent-seeking?

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[teosanru]

It's not just Square, and Microstrategy,



Their impact can both be positive, or negative. Being among the largest HODLers of Bitcoin, they should have the responsibility to help in the development of the Bitcoin economy, and in the aspect of Bitcoin education.

Interesting to see that more than 2% is held by these companies moreover if you reduce the bitcoin which is not in circulation or is completely lost this percentage would go futher up this means that they will get some big power to manipulate the markets too. Moreover other companies who would now try to enter would consider this factor too. I think if more corporates become determined to buy bitcoin we definitely are going to see price skyrocketing. But for that companies would want volatility to be on the lower side because these companies won't be taking big risk with public money.

I won't bother about the markets. I believe as more Bitcoins go in the custody of a few powerful groups, Bitcoin would cease to be a permissionless, and censorship-resistant system.

Plus what are Square and Microstrategy doing to help user growth, and infrastructure development? Are they simply rent-seeking?

I don't think Square and MicroStrategy are going to do anything like infrastructure development. These companies have strict cost benefit analysis structure. They wouldn't spend a penny unless it reaps them benefits of some kind. Yeah they might do a couple of webinars to create buzz that they are the first company to invest in a new technology but they aren't gonna take any drastic steps for sure.

[Wind_FURY]

It's not just Square, and Microstrategy,



Their impact can both be positive, or negative. Being among the largest HODLers of Bitcoin, they should have the responsibility to help in the development of the Bitcoin economy, and in the aspect of Bitcoin education.

Interesting to see that more than 2% is held by these companies moreover if you reduce the bitcoin which is not in circulation or is completely lost this percentage would go futher up this means that they will get some big power to manipulate the markets too. Moreover other companies who would now try to enter would consider this factor too. I think if more corporates become determined to buy bitcoin we definitely are going to see price skyrocketing. But for that companies would want volatility to be on the lower side because these companies won't be taking big risk with public money.

I won't bother about the markets. I believe as more Bitcoins go in the custody of a few powerful groups, Bitcoin would cease to be a permissionless, and censorship-resistant system.

Plus what are Square and Microstrategy doing to help user growth, and infrastructure development? Are they simply rent-seeking?

I don't think Square and MicroStrategy are going to do anything like infrastructure development.

Having the financially biggest investment in Bitcoin, then shouldn't it be in their self-interest to, help for the growth of the network to then increase the long term value of their investment?

These companies have strict cost benefit analysis structure. They wouldn't spend a penny unless it reaps them benefits of some kind. Yeah they might do a couple of webinars to create buzz that they are the first company to invest in a new technology but they aren't gonna take any drastic steps for sure.

"Create buzz"? Hahaha.

[bbc.reporter]

Hi guys

I was so excited last week , those announcements were huge. Its the start of proper recognition of Bitcoin as a real store of value. For me the path is :
1) Individuals purchasing Bitcoin as a SOV ( he last 10 years )
2) Tech companies ( like SQUARE )
3) All companies ( with non Bitcoin aware CEOs - this may be done via Investment houses who offer this service to them )
4) Central banks purchasing Bitcoin to secure a countries wealth, and for Macroeconomic trade

I made a short video discussing this here : https://youtu.be/dXdcfjmYkDw

The other clear and obvious impact of Square and Microstrategy's purchase of bitcoin is making the influencers and larpers of the Ethereum community very sour grapey hehehe.



By the end of 2021, more companies will hold $ETH on their balance sheets than $BTC

They'll need it so they can transact on #Ethereum

Source https://twitter.com/trustlessstate/status/1316202904101953536?s=12