Although Saylor holds 10 million BTC, Bitcoin remains rock solid – A statement from the author of The Bitcoin Standard
The cryptocurrency market has just received another positive perspective from #SaifedeanAmmous , the author of the famous book The Bitcoin Standard, as he argues that even in the most extreme scenarios, Bitcoin cannot be manipulated.
Specifically, Saifedean assumes that if #MichaelSaylor and Strategy company own up to 10 million BTC – nearly half of the supply, this does not mean Bitcoin is under threat. Because if Saylor were to do anything detrimental to the ecosystem, such as proposing to increase the BTC supply, the value of the assets he holds would also drop significantly, making such an action financially irrational.
Moreover, he emphasizes that Bitcoin in funds like Strategy or BlackRock's ETF is essentially an asset belonging to shareholders and investors. If these institutions behave incorrectly, the owners will sell their shares or withdraw capital to other channels, creating a self-balancing market mechanism that protects users.
This viewpoint reinforces the belief that Bitcoin is a robust decentralized system, not easily disrupted by any individual or organization. That is why Bitcoin is considered a long-term store of value, even when the market is volatile. #anhbacong
Risk Warning: The cryptocurrency market always carries risks and high volatility. The content of this article is not investment advice. Readers need to conduct thorough research before making financial decisions.