Top Angel Investor Warn Against MicroStrategy Buying Too Much Bitcoin

Quick Summary:

Calacanis warned that Bitcoin’s core principle of decentralization could be compromised if a single entity holds too much of the digital asset.

If Bitcoin feels controlled by one person or group, where will people go?

He thinks that if one company owns 10% or more of all Bitcoin, it could make people feel Bitcoin is no longer fair.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Jason Calacanis Market Warned Microstrategy’s Price Bitcoin Million Decentralized Bitcoin’s Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 06:17:56 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24656655

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Main Topics: Crypto

Official Website: coinpedia.org

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News Last Updated: 11 hours ago

Coverage Areas: United States

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