Taking Care of Bitcoin

← Taking Care of Bitcoin20 ago · 19 min

TCB Short - What Happens if Someone Buys All The Bitcoin?

TCB Short - What Happens if Someone Buys All The Bitcoin?20 ago19 min

What Happens If Someone Tries to Buy All the Bitcoin? TCB explains that “buying all the Bitcoin” is practically impossible and wouldn’t confer control over the network. Bitcoin’s price is set at the margin, so large purchases quickly exhaust available sellers near the current price and force the buyer to bid progressively higher to entice increasingly reluctant holders; some may refuse to sell at any price, and lost or long-term-held coins further reduce available supply. Market cap is not t...