[monkeyshine]

You could argue that, but 1) not a lot of stocks have that small a float and 2) the stock market is rigged you can “borrow” shares without the lender even knowing, or you even knowing if you borrowed shares or borrowed shares that were borrowed. There is a reason most investors don’t hold the actual stock certificates but instead leave them in the street names of their brokers.

There are documented cases where people literally bought up every share of a company, called in the certificates thereby owning 100% of the company - and the stock continued to trade on the exchanges.

Harder to game the system like that on the BTC blockchain.

[aMorePerfectUnion]

You may be onto something, but unlike a cash flowing company, BTC has no value other than to buy something else or go up in value.

Seems if a small group of people buy up all BTC, it is because, first someone chose to sell. Fair transaction. No problem.

Second, a market would shrink, then to just billionaires. Small markets are not efficient.

BTC isn't a collectible like fine art ... so I don't see the advantage.

Most billionaires are sophisticated enough to not get stuck holding something they destroyed the market for.

So you may have something there, but we will have to wait and see.