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"1,000 People Who Own 40 Percent of the [bitcoin] Market"

That, right there, is just one problem with Bitcoin, and it's a big one.

How is that any different from US dollars?

US dollars are mostly invested in financial securities which have hard assets like factories and real estate.

Bitcoins have no hard asset backing them up. They are based on "irrational exuberance".

The market can stay irrational longer than your FOMO regrets can resist buying in.