River(@River):Bitcoin is the only major asset class primarily held by individuals. Bonds, stocks, and gold have existed for centuries. So naturally they are more institutionalized. As bitcoin matures, we expect ownership to shift towards institutions. Its ownership distribution will look more similar to gold. This is not necessarily a good or bad thing. It is simply the inevitable consequence of global adoption.

2026.10.26 17:39

Bitcoin is the only major asset class primarily held by individuals. Bonds, stocks, and gold have existed for centuries. So naturally they are more institutionalized. As bitcoin matures, we expect ownership to shift towards institutions. Its ownership distribution will look more similar to gold. This is not necessarily a good or bad thing. It is simply the inevitable consequence of global adoption.