Who knows.
Couldn't you say the same thing about any publicly traded stock, since it also has limited shares that billionaires could snap up??
Guess time will tell.
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.
Also, a corporation can create more shares, or even different classes of shares. Bitcoin is fixed. It cannot be changed.
“Couldn’t you say the same thing about any publicly traded stock, since it also has limited shares that billionaires could snap up?? “
no, you can’t say the same thing at all, because the corporation and it’s productive assets such as factories and ownership of raw materials are still productive assets contributing to economic activity regardless of who owns the stock.
should a few gazillionaires end up owning all the bitcoins, the result is the same thing as if they had bought up the complete supply of pictures by some famous artists such as Van Gough and displayed them in their living rooms only for their own personal pleasure ...