Saylor holding 10M BTC won’t ‘threaten the protocol,’ says author

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The story "Saylor holding 10M BTC won’t ‘threaten the protocol,’ says author" was covered 13 hours ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 13h ago

Saylor holding 10M BTC won’t ‘threaten the protocol,’ says author - Coin Telegraph

Quick Summary:

On April 24, Cointelegraph reported that Twenty One Capital, a new Bitcoin treasury company led by Strike founder Jack Mallers with the support of Tether, SoftBank and Cantor Fitzgerald, is looking to supplant Strategy to become the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.”Magazine: Crypto AI tokens surge 34%, why ChatGPT is such a kiss-ass: AI EyeThis article does not contain investment advice or recommendations.

Michael Saylor’s Strategy hypothetically hoarding nearly 48% of Bitcoin’s total supply wouldn’t pose any risk to the Bitcoin protocol or its price, says Bitcoin Standard author Saifedean Ammous.“If Michael Saylor ends up with 10 million Bitcoin, what is he going to do?

Key TakeawaysBitcoin Standard author Saifedean Ammous says that even if one entity owned a huge amount of Bitcoin, it wouldn’t hurt the protocolAmmous reiterated major companies like BlackRock and Strategy don’t own the Bitcoin they hold since it belongs to the investorsAmmous said if these companies ever abused their position, people would likely pull their money and invest somewhere else.