Teaching others about Bitcoin is a selfless act
My goal is to tell people how Bitcoin works because I know where this is going, and I know banks do too
If we, the average person, accumulate more Bitcoin and trade daily, there is less for banks to own
The more Bitcoin banks own, the more power they have over us
If they own 90% of the supply of an asset, they can easily dump when the price goes up to scare any retail investors
They can dump over time, frustrating holders who don't understand what they own
These people will look for more profitable ways to invest (stocks and real estate)
If they own 20%, they have a lot less power over the market
They have a lot less Bitcoin to dump on the market and materially change the price
They may dump in hopes that the price drops, and if it doesn't drop as much as they expect, they end up with less Bitcoin when they try to buy back
Retail investors holding more means banks and governments have much less power and we can actually move to a Bitcoin standard around the world
rajatsonifnance / Rajat Soni, CFA
npub13w…pnp8z
2024-04-14 15:53:37
Author Public Key
npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8zPublished at
2024-04-14 15:53:37Event JSON
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"content": "Teaching others about Bitcoin is a selfless act\n\nMy goal is to tell people how Bitcoin works because I know where this is going, and I know banks do too\n\nIf we, the average person, accumulate more Bitcoin and trade daily, there is less for banks to own\n\nThe more Bitcoin banks own, the more power they have over us\n\nIf they own 90% of the supply of an asset, they can easily dump when the price goes up to scare any retail investors\n\nThey can dump over time, frustrating holders who don't understand what they own\n\nThese people will look for more profitable ways to invest (stocks and real estate)\n\nIf they own 20%, they have a lot less power over the market\n\nThey have a lot less Bitcoin to dump on the market and materially change the price\n\nThey may dump in hopes that the price drops, and if it doesn't drop as much as they expect, they end up with less Bitcoin when they try to buy back\n\nRetail investors holding more means banks and governments have much less power and we can actually move to a Bitcoin standard around the world",
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}