Bitcoin ownership changed massively in 2024.
More in next week’s report on Bitcoin adoption 🟠
Discussion
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Can’t wait for the lightning report. Keep up the good work. 🫡
Sad if true.
It is not the right direction if true. #bitcoin is supposed be financial freedom and sovereignty for individuals but getting a way to store their wealth for the rich.
My reading of the graph: bitcoin as means of financial freedom and sovereignty for individuals is in decline while bitcoin as means of storing wealth for the rich is raising. Not the right direction.
Disappointing to see individual holdings falling, but there is no other way for fund and ETF holdings to rise. Remember, this is number of bitcoin held, not number of individuals holding. Besides, fund & ETF holdings are mostly held by individual investors.
Good point
The ETF holdings aren't "held" by individuals.
They might be - the ETFs are most likely structured in a way that actual ownership is still in the hands of some wallet holders i.e. coinbase, but they "show" that the ETF has the coins, yet the holder is someone other than the institution, or multiple holders i.e. whales, businesses, miners, and then the ETF fund itself.
It's usually how they average down a purchase price -
too bad
Expected, but extremely disheartening nonetheless.
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Are people ready to have their own money?
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"it's transitory" 
A good reality check for what freedom also means, (freedom to not get it, freedom to not worry about self custody, freedom to choose to be less free). Do we know details about who are those ETFs investors? I also mostly individuals this is still progress in terms of awareness.
Sad. People gonna get hosed while thinking they’ve done well.
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