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1/3) My thoughts on Bitcoin -
Hopefully, it will provide you with a fresh perspective
Disclosure - no conflict of interest/skin in the game
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
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
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
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!?
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
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.
@APompliano @RaoulGMI @LynAldenContact
Hope you find the information useful, please feel free to share and comment. Thank you.
