Michael Saylor owns 0,5% of Bitcoin Supply

[cryptozanga]

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[Vaskiy]

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

This has happened as a rich man's game, but we can't say it has benefited only the rich. Market is volatile, which is its inbuilt feature. This volatility is much used by this massive holders as they've got large holding and has the ability to move the market to some extent. We need to be clear even though 90% is with 1% people the market hasn't gone under their hands/control. This is the true potential of the network.

[aoluain]

We have to look at it through different lenses, by buying and adopting Bitcoin we are part
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.

I'm speaking generally of course there are times where we need to spend Bitcoin.

I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..

Get, accumulate and own as much as you can, there will be less for the whales.

[tiCeR]

We have to look at it through different lenses, by buying and adopting Bitcoin we are part
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.

I'm speaking generally of course there are times where we need to spend Bitcoin.

I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..

Get, accumulate and own as much as you can, there will be less for the whales.

The term knowledge is quite challenging here. Who could have seriously known that this thing will literally go to the moon and will be worth over $60k one day? That is just too much. Yes if you were able to afford it you could have just held onto it, but still I doubt that many people seriously expected today's price ranges from the perspective of 2011.

[thecodebear]

In any investment the people smart enough or lucky enough to get in early, or rich enough to get a large amount when coming in later, are going to own the majority of that asset. This doesn't mean bitcoin doesn't work for the average person. The average person still reaps the same benefits as the people with the most bitcoin. If you buy today and 6 months from now Bitcoin is double the price, you, me, Saylor, the Winklevoss twins, and everyone else will get a doubling of their value. The percentage gains are the same no matter how much Bitcoin you have. So no, this isn't a problem, it is a natural outcome of the differences in wealth, risk, information, luck, and intelligence that permeate society.

[Kittygalore]

In any investment the people smart enough or lucky enough to get in early, or rich enough to get a large amount when coming in later, are going to own the majority of that asset. This doesn't mean bitcoin doesn't work for the average person. The average person still reaps the same benefits as the people with the most bitcoin. If you buy today and 6 months from now Bitcoin is double the price, you, me, Saylor, the Winklevoss twins, and everyone else will get a doubling of their value. The percentage gains are the same no matter how much Bitcoin you have. So no, this isn't a problem, it is a natural outcome of the differences in wealth, risk, information, luck, and intelligence that permeate society.

Exactly, if you believed and risked your money to bitcoin when it was still at it's infancy then you deserve to reap the benefits of the growth of bitcoin. The reason that OP thinks that way is because he/she must've been late to the party and now he has to earn more money just to buy a small amount of bitcoin.

[boyptc]

In any investment the people smart enough or lucky enough to get in early, or rich enough to get a large amount when coming in later, are going to own the majority of that asset. This doesn't mean bitcoin doesn't work for the average person. The average person still reaps the same benefits as the people with the most bitcoin. If you buy today and 6 months from now Bitcoin is double the price, you, me, Saylor, the Winklevoss twins, and everyone else will get a doubling of their value. The percentage gains are the same no matter how much Bitcoin you have. So no, this isn't a problem, it is a natural outcome of the differences in wealth, risk, information, luck, and intelligence that permeate society.

Very true.

The rich may get the advantage of getting richer but it's not just for them. In every market, there's the early people and the rich people. Both can take the game on their hands and be profitable just as the others.

The early people got the cheapest bitcoins that they've bought and held it for a long time. While the rich people, they may not be early but if they're wise to buy during the dips and they've got the money, they can also be at the same situation as the early adopter.

[Poker Player]

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

The garbage communist discourse you express does not take into account that everyone had the same opportunities to buy when it was very cheap. When it was worth $1 or $.0.10.

Believing that garbage speech leads to believe that we can not do anything against our destiny because if we are not rich we are going to be poorer and poorer, when the truth is that there are people of modest economies that have made real fortunes with the Bitcoin.

Then you also fail to take into account that most of these addresses do not belong to individuals but to exchanges:

The richest Bitcoin addresses are owned by cryptocurrency exchanges. Collectively, these addresses hold less than 3.5 percent of all bitcoins.

Since I don't buy what you say, I will continue to buy Bitcoin.

[mk4]

Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

Do we need to explain for the millionth time that retail investors with not much money to invest can buy fractions of a bitcoin? or what?

[iv4n]

Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

Do we need to explain for the millionth time that retail investors with not much money to invest can buy fractions of a bitcoin? or what?

Yes, we need to explain it for the millionth time... Yesterday I had one more discussion with my father about investing, he started that discussion by explaining to me and some of my friends how the best investment now is in real-estates, again! And I was pushing him to explain to me which real estate should I buy, on which location, to tell me how much money I need for all that, and of course, can he give me some ETA for ROI, or at least when I cash out some profit...
Well, he didn't have the answers to my questions! Once again he got mad when I said him how he missed investing in Bitcoin when it was under $1k! And how still is not late, he can invest any amount of money in Bitcoin, small or big, from time to time... without spending too much energy on that!
So we will continue explaining, but I guess some people will never learn!

[Rikafip]

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer,

If people buy bitcoin now, they will make themselves richer in a couple of years.

i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

That's one of the common misconceptions, that if you cant buy bunch of dirt cheap BTC, you are too late. I thought the same after I came back to crypto in 2017 after few years break, contemplating whether to start buying now, or its too late as I couldn't afford 1 whole BTC. Fast forward to 2021, and people still think the same, instead just focusing on getting some BTC, no matter how much and little by little you may own 1 whole BTC. And even if you don't, so what?

[20kevin20]

The only power we DON'T have is the power of manipulation billionaires have over markets. That is quite obvious considering the past few months and how the market has moved.

I kinda agree and I do get your point. For me, the fact that billionaires own a large % of the supply is a little bit worrying. However, we probably can't even imagine how many other billionaires own an even larger % split into multiple wallets we haven't heard about yet. After all, Bitcoin investments happen in fiat.. so the more fiat one has, the more of the supply they can afford to own.

[BlackHatCoiner]

Have you compared it with the dollar? Between March 2020 and April 2021 the collective wealth of American billionaires leapt by $1.62 trillion, or 55% of the total supply, from $2.95 trillion to $4.56 trillion! As of April 12, there were six American “multi-billionaires” each worth at least $100 billion. Specifically, Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison worth more than the economy of each of 13 of the nation’s states.

Is this a better wealth distribution? 

[HeRetiK]

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

Sure, there's a lot of big players these days but retail had a headstart of more than 10 years. And there were a lot of wake up calls along the way (ie. the bull runs of 2013 and 2017) so it's not like Bitcoin was much of a secret.

Truth be told, compared to stocks, real estate and, well, fiat currencies in general -- as pointed out by BlackHatCoiner --, retail still has a headstart. Question being whether they make use of it or continue complaining.

[Jet Cash]

I believe that Bitcoin was created by the banking elite, and it was released for evaluation, modification and enhancement by a creative and intelligent community. We are lucky to have been a part of this community. The spectacular success of Bitcoin has made it easier for them to introduce their own pseudo-cryptocurrencies, and they are now taking control of large chunks of Bitcoin to maintain its volatility. This allows them to convince the gullible public that their fiat replacements are better and safer than Bitcoin. In the meantime, those of us who can accept this, can take advantage of the volatility to gain wealth.

[Lucius]

No one can stop anyone from buying BTC, and that includes Saylor who will increase the number of BTC he owns over time. Threads like this just remind us that people will never stop regretting the time when they could buy 1 BTC for less than $1 - and now they are envious of those who did just that, and those who have enough money to buy tens of thousands of BTC even at current prices.

i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

The only problem is in the minds of people like you who have thoughts in the past and live in the present - instead of whining like a little baby about how you can’t do anything - maybe make a plan on how to own at least 1 BTC in the next x years?

[ethereumhunter]

This year, I think the number of richest people or companies with bitcoin will increase since many people are now aware of bitcoin. They want to have many more bitcoin before the price starts to rally to the highest price. The rich people will be richer, but we can also follow them by having much money from bitcoin. So we do not have to check very often who is the richest person now, but we need to keep trying to have more bitcoin so, in the future, we can be one of the richest people. Besides that, that is just data and can not be like that forever. The question is, do you want to see your wallet on that list or will you not have any chance at all?

[Fundamentals Of]

The reality is that these wealthy investors and the institutions they represent are the ones making the retail investors rich. Michael Saylor's purchases of Bitcoin was definitely one factor why Bitcoin's price is where it's at right now. If the investors of Bitcoin were all retail investors, the price of Bitcoin would have been growing a lot slower. But thanks to the billionaires and other institutional investors the price was jumping to new highs.

[worle1bm]

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

If you have invested in it 3-4 years back then you would also be on the list so it's just another excuse that Bitcoin is rich people's assest.They are utilising this as opportunity to convert their fiat holding to bitcoin and earn profits out of it.But still Bitcoin supply is not centralized as retail investments are also there and if you look at charts exchanges holding will be on top and that's accumulated for different individuals not single person.Even after billion dollars investment you will hold a tiny part of btc supply.So just be part of that population and contribute the market to rise.After some years you will not have the same feelings.

[bryant.coleman]

Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Once again, noobs trying to mislead the users. Do you even understand that the vast majority of these 100 wallets are being owned by exchanges and Bitcoin ETFs? Currently around 20% of the circulating supply is being stored in exchange wallets. That doesn't mean that Bitcoin is centralized. It only means that a large portion of the coins are owned by traders, who make use of the volatility associated with Bitcoin. Will you say the same about fiat currencies such as USD? The Chinese government owns around $3 trillion worth of US treasury bonds. So are you going to argue that USD is centralized? Anyway, United has another opportunity to get two points today, against the Zalmi.