Veteran investor criticizes Michael Saylor: Strategy of hoarding coins may exacerbate the centralization risk of Bitcoin
According to The Street, veteran investor Simon Dixon publicly criticized the Bitcoin accumulation strategy promoted by Michael Saylor, stating that it may exacerbate the centralization risk of Bitcoin.
Currently, Strategy holds approximately 762,000 BTC, accounting for over 3% of the total supply. The company recently launched a $42 billion ATM financing plan, intending to continue accumulating Bitcoin.
Dixon pointed out that this model deeply binds Bitcoin to the traditional financial system, making it more susceptible to short-term trading and price manipulation, deviating from the original intention of decentralization. He suggested returning to self-custody and long-term holding strategies, rather than centralized allocation through publicly listed companies.
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