Reported 3 days ago
The US establishment's increasing dominance over Bitcoin, particularly through exchange-traded funds (ETFs) and potential government stockpiling, is creating concentration risks for the cryptocurrency. With Bitcoin ETFs now holding over 1 million tokens and the possibility of the US government becoming a major buyer, the landscape is rapidly changing from its libertarian roots. This shift raises concerns about market volatility and the potential impact on prices, especially if the market responds negatively to changes in government policy. While demand continues to surge, experts warn that concentrated ownership could lead to a more volatile market environment, emphasizing the importance of vigilant investment strategies among Bitcoin holders.
Source: YAHOO