Key results

• Standard author Bitcoin, Saifedean Ammius, says that even if one entity had a huge amount of bitcoins, it won’t hurt the protocol

• Ammous repeated the main companies such as Blackrock and strategy, they do not have bitcoins they have because they belong to investors

• Ammious said that if these companies ever use their position, people will probably pull out money and invest elsewhere.

Michael Saylor’s strategy hypothetically accumulates almost 48% of the total supply of Bitcoins would not be any risk for the Bitcoin protocol or its price, says Saifedean Ammio, standard author of Bitcoin.

“If Michael Saylor ends with 10 million Bitcoins, what will he do? He probably just uses them to buy more bitcoins,” Ammious he said During the interview of April 25 with the Crypto entrepreneur Anthony Pomplianiano.

Ammous rejects the collection of bitcoins who are risk

“Ultimately, I do not understand how it would threaten the protocol in a stern sense,” said Ammous.

Ammous said that if Saylor managed to accumulate 10 million Bitcoins (BTC), he would rather not “woke up one day and say that let’s try it strenuous so that we could make another 5 million Bitcoin deliveries to be able to have 15.” He repeated that this would reduce the value of its existing 10 million bitcoins.

Several participants of the cryptographic market have previously aroused concerns about Bitcoins whales and at what time their shares can lead to threats such as market manipulation, centralization or liquidity problems.

At the time of publication, Saylor has 538 200 bitcoins worth around $ 50.18 billion, According to to Saylor Tracker. Meanwhile, Blackrock Ishares Spot ETF has net assets worth USD 54.48 billion, which corresponds to about 585,000 bitcoins, According to For Blackrock data.

In total, both companies have about 5.3% of the total supply of bitcoins. However, Ammius said that this is not a reason for concern.

“It is not that Michael Saylor or Larry Fink are the owners of all these Bitcoins. They have shareholders who owners of all these bitcoins or ETF owners who owners of these bitcoins.”

“To the extent that Blackrock and the strategy maintain them, they keep them because they perform their trusting part of their duties for their shareholders and ETF holders in a satisfactory way,” Ammous added.

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Ammious explained that if Blackrock or strategy ever began to manage their farm in a harmful manner for shareholders or ETF owners, or began to abuse their position, then investors would sell and look for other ways to display bitcoins.

On April 24, Cointelegraph announced that Twenty One Capital, a new Bitcoin tax company, led by the founder of Strike Jacek Mallers with support in Tether, Softbank and Cantor Fitzgerald, wants to replace the strategy to become a “better vehicle for investors looking for the Bitcoin capital exhibition.”

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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.