Replying to Avatar Bitcoin Magazine

If MicroStrategy sold 1 BTC per hour every day for 15 and a half years...

They would still have #bitcoin left 🤯
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nobody 2y ago

Does that mean they can control the market to a certain extent ?

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iefan 🕊️ 2y ago

For context:

Currently, there are 19 million bitcoins in circulation (many people have also lost their keys)

MicroStrategy holds 132,500 BTC, which is a significant amount but not enough to gain complete control of the market.

However, their holdings will still have a significant impact.

41
nobody 2y ago

Thanks for the context 🫂 it’s more clear for me now, they are a big holder but not big enough compared to the market size

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Kendy 2y ago

They also have shown zero signs of interest in market manipulation or any other negatively disruptive market actions. All reasons point to they just wanna HODL.

8d
Riley 2y ago

This seems like it's true of all people who later manipulate markets.