According to Saifedean Ammous, it is incorrect to call BlackRock and Strategy, since the coins belong to investors who have obligations to act exclusively in the interests of customers.
In case of abuse, shareholders will withdraw their funds and find other ways to access the first cryptocurrency. Even if suddenly one of the large companies becomes the owner of a significant number of bitcoins, this will not hurt the protocol, the economist believes.
“If the founder of Strategy has 10 million BTC, what will it do? Most likely, he just uses them to buy even more first cryptocurrencies. Saylor will not wake up one day and will not say, but let’s try to spend a hard fork so that I have another 5 million BTC!”
A noticeable increase in the interest of companies-investors in the first cryptocurrency will continue to transform the market, creating new opportunities, the writer believes. Despite the concentration of significant BTC volumes among large players, market mechanisms will provide a natural balance and reduce the risks of centralization, the expert is convinced.
Earlier, partner of the law firm Boies Schiller Flexner Dan Boyle He called
Representatives of the US Cryptor cannot succumb to “illusion of permissiveness and impunity” amid the softening of state regulation rules.
Source: Bits
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