-
@ rare
2025-05-14 19:46:48
12% of the global owns gold. However, the major owners of gold are central banks and institutions.
4-6% of the global, according to on chain analytics, own Bitcoin. It use to be that plebs held the majority of coins. Now, its less.
“Unfortunately, the latest figures from River show that individuals now hold 247,000 fewer Bitcoin than at the start of the year, even as businesses, funds, ETFs and governments have grown their holdings by 225,000 Bitcoin.
“In 2024, individuals sold 525,000 Bitcoin to institutions and ETFs, which amassed an extra 831,000 Bitcoin. The direction of travel is now clear, with Bitcoin in danger of becoming the cryptocurrency of elite finance. Long-term users have begun to sound the alarm about a slowdown in activity in the mempool.”—Sky Wee
https://cointelegraph.com/magazine/danger-signs-bitcoin-retail-abandons-institutions-sky-wee/
Been writing about this for years. Now, we’re at the bridge.
Its not hard to imagine a world where Bitcoin—a high powered money—is regulated to accredited investors, heavy AML, xpub registration and more.
Individuals who didn’t exchange to Bitcoin, who never self-custodies their funds, will be forced to buy ETFs.
The ETFs, institutional and nation-state adoption comes at a price.
And it looks like Bitcoin has crossed the threshold.
Think its too late, or is there still time to turn the ship?