It's not possible, a lot of 'whales' are HODLING so many bitcoins that the numbers just won't add up. Besides, 90% share means a huge sum of investment in the market, buying out small stakeholdes which is the equivalence of being rich in fiat.

I am a believer of the idea that Bitcoin will become a global reserve currency one days, that governments and corporations would be willing to make the most important of their transactions with because of its security, finality, and immutability.


The motivation would be the same as what they do to other valuable assets. Try to corner its market.



What? Controlling 90% of the supply would make it stop from being a permissionless system.

to be a reserve is to lock it up and not be a common currency  (IMF SDR is not common dollar. much like canadian is not american dollar)
to be a reserve some entity has to secure, hold and control the reserve because left in the hands of common folk makes it unpredictable/volatile

so trying to start the reserve. many are saying bitcoin has failed being a common currency.

i will now leave you to your research on the depths some will go to make bitcoin not useful for common use. and instead a locked up custodial reserve.

i hope you can realise my own "reservations"(excuse the pun) about why i do not like bitcoin to become a reserve. as this topics title and your own inferred idea of the end result in such a situation

f that happens, then banksters and the government can control all crypto markets and can control the price of crypto currencies. this will damage the market and investors or users of crypto currencies will leave. so the crypto currency will be extinct. however, the government and banksters will need large capital to get the bitcoin that is currently on the crypto market. if they have got all the supply of bitcoin then they can control all the supply and price of bitcoin.

This sounds a little paranoid and made out of thin air
I mean, a healthy awareness is only good, but what would be the point of holding?
I assume if the flow of coins stops and everybody holds it, then it's busted, right?

we hope that bitcoin will not die here, I see and read a lot of people's comments about bitcoin soon to die, it's just people's speculation, but it's real if they hold 50% BTC don't play BTC or just hold on over time BTC will run out

Provability of scarcity, of limited supply, and a monetary system's deflationary properties might have its own downsides too in my opinion.

I believe that this demonstrates that there is no "perfect" system.

That is side-stepping the question, and avoiding the point of the discussion. But I understand. Some of us cannot accept the possibility that Bitcoin can fail. That is not a healthy attitude to have in my opinion. I believe we should also perceive it as a "software experiment that could fail".

It is a hypothetical scenario, and whether Bitcoin has failed if that were to happen, is up for debate. I believe in a sense, it would fail as an open system because Bitcoin would effectively cease to become permissionless.

There will definitely be pros and cons if that happens. The biggest con being is that it will obviously already become regulated which therefore means losing control and democracy over the actions of banks and governments on our bitcoins. On the other hand, if there will that much holdings by the banks and the governments, then there is support for bitcoin being widely accepted.