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by paulpauper 1619 days ago
>It is quite famous that 95% of Bitcoin is owned by 2% of accounts. This concentration not only risks to threaten blockchain's own premises, but also exposes minor investors to risk of whales who lead the market and can easily speculate on prices since they can influence the price trends.

It doesn't threaten it though. It would only threaten it if miners colluded. Crypto may be manipulated, but so is everything else, like Gamestock stock in 2021.

The crypto bubble is already deflating, with btc having fallen 40% in the past 2 months. These problems will fix themselves as the bubble continues to deflate.

2 comments

Jul 16 2021, bitcoin was 30k, today it’s 40k, how is this a deflating bubble?
Because you just picked a randomly favourable date from an escalating speculative asset?
So did you?
was at 70k
false, https://www.yahoo.com/now/crypto-daily-movers-shakers-july-0...

> July 15, 2021

> Bitcoin, BTC to USD, fell by 2.84% on Thursday. Reversing a 0.29% gain from Wednesday, Bitcoin ended the day at $31,890.0.