{"id":23419,"date":"2025-04-25T13:11:53","date_gmt":"2025-04-25T10:11:53","guid":{"rendered":"https:\/\/forklog.com\/en\/author-of-the-bitcoin-standard-dismisses-institutional-threat-to-bitcoin\/"},"modified":"2025-04-25T13:11:53","modified_gmt":"2025-04-25T10:11:53","slug":"author-of-the-bitcoin-standard-dismisses-institutional-threat-to-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/author-of-the-bitcoin-standard-dismisses-institutional-threat-to-bitcoin\/","title":{"rendered":"Author of &#8216;The Bitcoin Standard&#8217; Dismisses Institutional Threat to Bitcoin"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>BlackRock and Strategy pose no threat to the first cryptocurrency&#8217;s protocol, as they have fiduciary duties to their investors.<\/li>\n<li>Since November 2024, bitcoin balances on exchanges have dropped by approximately 425,000 BTC, with around 350,000 BTC attributed to corporate purchases.<\/li>\n<\/ul>\n<\/div>\n<p>Even if a single company acquires a substantial amount of digital gold, it will not harm its protocol, stated economist and author of &#8220;The Bitcoin Standard,&#8221; Saifedean Ammous.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The world has moved closer to a bitcoin standard over the last few months.<\/p>\n<p>I sat down with <a href=\"https:\/\/twitter.com\/saifedean?ref_src=twsrc%5Etfw\">@saifedean<\/a> to understand what is happening, why bitcoin will eat gold &#038; the US dollar, and why he thinks everyone is underestimating what is happening right in front of our eyes.<\/p>\n<p>This was\u2026 <a href=\"https:\/\/t.co\/UcaCPGTm68\">pic.twitter.com\/UcaCPGTm68<\/a><\/p>\n<p>\u2014 Anthony Pompliano ? (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/1915541828788437415?ref_src=twsrc%5Etfw\">April 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;If [Strategy&#8217;s founder] Michael Saylor ends up with 10 million BTC (48% of the total supply), what will he do? Most likely, he&#8217;ll just use them to buy even more of the first cryptocurrency. I don&#8217;t see how this threatens the protocol,&#8221;<\/em> the expert stated.<\/p>\n<\/blockquote>\n<p>In Ammous&#8217;s view, in this hypothetical scenario, Saylor &#8220;won&#8217;t wake up one day and say, &#8216;Let&#8217;s try to hard fork to get another 5 million BTC.'&#8221;<\/p>\n<p>The economist emphasized that pursuing such a plan would simply reduce the value of the existing 10 million BTC.<\/p>\n<p>According to Ammous, companies like BlackRock and Strategy are not the actual owners of the digital gold they manage, as the coins belong to investors.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Organizations are fulfilling their fiduciary duties,&#8221;<\/em> the expert explained.<\/p>\n<\/blockquote>\n<p>In case of misconduct, shareholders will withdraw their funds and find alternative ways to access the first cryptocurrency.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>, Strategy holds 538,200 BTC (2.56% of the supply) valued at $50.47 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"115\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1539-1024x115.png\" alt=\"1-1539\" class=\"wp-image-257549\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1539-1024x115.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-1539-300x34.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-1539-768x87.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1-1539.png 1428w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: BitcoinTreasuries.<\/figcaption><\/figure>\n<p>IBIT&#8217;s share from BlackRock is 2.78%. The largest BTC-ETF issuer holds 582,664 BTC ($54.63 billion).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"132\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1088-1024x132.png\" alt=\"2-1088\" class=\"wp-image-257550\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1088-1024x132.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-1088-300x39.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-1088-768x99.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/2-1088.png 1406w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: BitcoinTreasuries.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Corporate Influence<\/strong><\/h2>\n<p>Bitcoin balances on crypto exchanges have fallen to 2.6 million BTC \u2014 the lowest since November 2018, according to Fidelity Digital Assets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We have seen <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> supply on exchanges dropping due to public company purchases\u2014something we anticipate accelerating in the near future. Here are some of the current trends unfolding: \u2b07\ufe0f ?<\/p>\n<p>\u2014 Fidelity Digital Assets (@DigitalAssets) <a href=\"https:\/\/twitter.com\/DigitalAssets\/status\/1915386493654249487?ref_src=twsrc%5Etfw\">April 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts attribute this trend to increased purchases by public companies following the U.S. presidential elections in November 2024. Analysts believe this trend will intensify.<\/p>\n<p>Strategy leads in activity with 285,980 BTC \u2014 81% of the total figure.<\/p>\n<p>The organization&#8217;s latest purchase occurred on April 21. On that day, Strategy acquired 6,556 BTC at an average price of $84,785, totaling $555.8 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4\/20\/2025, <a href=\"https:\/\/twitter.com\/Strategy?ref_src=twsrc%5Etfw\">@Strategy<\/a> holds 538,200 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$36.47 billion at ~$67,766 per bitcoin. <a href=\"https:\/\/t.co\/YxUq6mHzca\">https:\/\/t.co\/YxUq6mHzca<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1914288929173389814?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Previously, the corporation announced plans to raise up to $21 billion in MSTR and $21 billion in STRK over the next three years to accumulate more coins as part of its <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-aims-to-raise-42-billion-for-bitcoin-purchases\">&#8220;21\/21 plan&#8221;<\/a>.\u00a0<\/p>\n<p>In April, TD Cowen<a href=\"https:\/\/forklog.com\/en\/news\/experts-assess-strategys-bitcoin-purchases-on-market-impact\"> assessed<\/a> the impact of the company&#8217;s purchases on the bitcoin price.<\/p>\n<p>As reported, the firm Twenty One Capital, established by Cantor Fitzgerald,<a href=\"https:\/\/forklog.com\/en\/news\/twenty-one-capital-aims-to-challenge-bitcoin-giants\"> aims to challenge<\/a> Strategy. The organization&#8217;s charter fund will consist of 42,000 BTC (~$3.9 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock and Strategy pose no threat to the first cryptocurrency&#8217;s protocol, as they have fiduciary duties to their investors. Since November 2024, bitcoin balances on exchanges have dropped by approximately 425,000 BTC, with around 350,000 BTC attributed to corporate purchases. Even if a single company acquires a substantial amount of digital gold, it will not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,1156,1207,1150,1799],"class_list":["post-23419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-institutional-investors-and-whales","tag-microstrategy","tag-news-plus","tag-saifedean-ammous"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23419"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23418"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}