- Mass adoption implies that a large number of people hold small amounts of bitcoins. Yet, the reality is the opposite: how can one speak of mass adoption when large volumes of bitcoin are concentrated in the hands of a small number of institutional investors?
Investment funds and mutual funds hold about 405 of all the stock traded on major stock exchanges, so there is no mass adoption happening there?
Elon Musk holding as many dollar bills as a whole capital city in Africa means that fiat is not adopted?
Oh, soda drinks are not adopted because 2 companies produce 2/3 of them globally!
Mobile phones? Lols!
- Large institutional BTC-holders could just as easily crash the price whenever it suits them (for instance, to raise funds by selling off these assets). They wouldn't sell just one or two units of bitcoin; they could sell million's worth, which would undoubtedly impact market conditions.
Yup, because that's a known way rich people get richer: by making dumb decisions and dumping an asset's price to zero so they lose money, making them richer magically...
Definitely, whales are going to crash the price cause that is how whales got their money in the first place, crashing everything!
I need to get in the tinfoil business; it's probably better in profits than BTC and AI and everything else by an order of magnitude!