- Bitcoin analyst Willy Woo warns bitcoiners on MicroStrategy’s bitcoin haul.
- Woo cautioned that it could pose centralization risks for Microstrategy.
- Bitcoin educator Dan Held, however, denies the centralization risks.
Bitcoin analyst Willy Woo cautioned bitcoiners against celebrating MicroStrategy’s accumulation of bitcoin. He stated that it poses centralization risks as the decision-making is centralized, even though it is a publicly traded and owned firm.
TBH Bitcoiners shouldn’t be celebrating MicroStrategy buying more BTC. It poses centralisation risks, even though it’s public traded and owned, its decision making is centralised.Bitcoiners should celebrate its adoption by ordinary people using it to solve problems.— Willy Woo (@woonomic) December 28, 2022
Woo also stressed that bitcoiners should celebrate its adoption by ordinary people who use it to solve problems. Bitcoin educator Dan Held, however, didn ...
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