Damus
HODL · 1w
The amount of OG whales who have told me privately that they are planning to reduce bitcoin exposure (fancy whale talk for begin selling near the lows) is shocking. Many have expressed to me that t...
JD profile picture
There's a small % chance that the idea we all had about what Bitcoin would become, doesn't transpire. At least for a long time. Instead, Bitcoin essentially gets narratively controlled for the public, the elite and bankers fool everyone to control most of people's holdings, and Bitcoin replaces S&P portfolios. The banking institution could plausibly keep the price suppressed for long spans through market overselling (to each other, or through opaque markets) so retail fights it out and sells coins to institutions further centralizing holdings.. There's a small chance, say 15-20% that Bitcoin just becomes new Gold for banks mainly. No huge pleb revolution. No millions of node runner etc.

This is a real plausibility.
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The Stacker Monster · 1w
100% this. People are afraid to say this out loud and want to treat bitcoin's success as a foregone conclusion.