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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Don Green who wrote (19979)9/20/2017 12:31:49 AM
From: Elroy3 Recommendations

Recommended By
Don Green
John Pitera
roguedolphin

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I feel the reason so many are so negative on it is not because they are worried about investors in general. But I think many feel threatened by the new technology and how it will change their bottom line or dominance or control in their markets

I think the reason many established entities are so negative on Bitcoin is because someone else already owns most of it (I think there are about 16 million Bitcoins currently mined, and the total number to ever come into existence is 21 million).

If you're a billionaire if regular money, and don't yet own any Bitcoin, what's the point of supporting a new currency where someone else already owns all of it?
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