1/3) My thoughts on Bitcoin -

Hopefully, it will provide you with a fresh perspective

Disclosure - no conflict of interest/skin in the game

2/3) Thoughts on Bitcoin (contd.)

3/3) Bitcoin vol. increasing with time/size (not reducing) -

Chart courtesy of @ycharts

I have no skin in the game, hopefully this'll help some readers

Bitcoin rally relative to prior bubbles -

Source: Bank of America

Grayscale Investments LLC now owns just over 3% of the total supply of Bitcoin (~$25 billion in assets vs. $755 billion Bitcoin market cap)

ARK + other public funds have invested in $BTC via $GBTC

In comparison, 2% of anonymous whales own 95% of $BTC

Bitcoin proponents want to get rid of 'centralised' fiat issued by various nations and adopt Bitcoin whereby the issuance (mining) is even more centralised (majority in China) -

Bitcoin's infrastructure is more centralised than ever -

Just 5 companies control 50% of the Bitcoin network!

With massive centralisation/concentration in both mining (creation) and ownership, is Bitcoin really decentralised!?

More recent data from the University of Cambridge shows that China now accounts for ~65% of Bitcoin mining!

Link can be found here - https://cbeci.org/mining_map 

I've put together some thoughts and ownership/mining data on Bitcoin in this thread -

@APompliano @RaoulGMI @LynAldenContact

Hope you find the information useful, please feel free to share and comment. Thank you.