The concentration of coins to the wealthy is greater than the wealth accumulation of the USA - I.e. this isn't the currency of the common people at all. Its the currency of the wealthy.
But they get their liquidity from the common people because they aren't really after the value of the coins, they are after only 10% of that, and they are getting it. A Whale doesn't give a shit if his coins are valued at $100,000, they are after only $10,000, so the common people will provide that 10% liquidity needed.
And like dogs, they've all been trained into the halving cycle which wasn't at all created by you - but by the major holders - so that they know and can predict when you are going to pony up the next dose of liquidity they need to slowly sell off their coins - or loan them out. I hear it from every BTC investor like they are parrots - they all repeat it on cue.
Shit half the whales don't even legally own their coins anymore - they loaded them off years ago and got paid out or having floating lines of credit with the coins. Those exchanges got the money to loan them out from holding coins from common people or selling hem to get the liquidity.
Roinhood owns 50% of dogecoin and we can laugh, but that coin is popular, and has a cap of 7 billion. And it is as useable as any other coin.
Elon Musk got pissed at a hedge fund and asked Dogecoin holders to bankrupt them by pumping it up to what was it, 70 billion? He literally got common people to lose 40 Billion dollars so he could get even with a hedge fund.
And they applaud him for it.
BTC might hit 150,000 but why it hits that will have nothing to do with demand and all about ensuring that 97% of the coins are never traded, and the millions of little guys worldwide are fighting over the remaining 3% of them.
The con is simple: get 200 million people to pony up about $1,000 each and they withdraw 200 billion dollars. It's beautiful to watch.
