Opinion: If a company owns 10% or more of Bitcoin, it would bring injustice to the crypto community

Venture capitalist Jason Calacanis, who has invested in companies like Uber and Robinhood, warned on platform X that if a company owns 10% or more of Bitcoin, the reputation of Bitcoin as a decentralized financial tool could be at risk, making people feel that Bitcoin is no longer fair.

He explained: "If any one person owns too much Bitcoin, it will ruin the game of Bitcoin. I think the proportion of investing in Bitcoin can be around 10%. For MicroStrategy, if they acquire too much bitcoin, everyone in the crypto community would naturally assume they are 'working' for Michael Saylor and deeply resent him. Eventually they would turn to another more 'fair' game."