Bitcoin Standard author Saifedean Ammous has stated that the potential accumulation of 10 million Bitcoin by Michael Saylor's firm, Strategy, would not endanger the Bitcoin protocol or its price. During an interview, Ammous emphasized that even if one entity held a substantial amount of Bitcoin, the protocol would remain intact. He argued that major companies such as Strategy and BlackRock do not own the Bitcoin directly, as it belongs to their investors and ETF holders. If these firms were to mismanage their Bitcoin holdings, investors would likely shift their funds elsewhere. Saylor’s firm currently holds approximately 538,200 Bitcoin, valued at around $50.18 billion. Concerns about Bitcoin whales and their influence on the market were acknowledged, yet Ammous reassured that such a concentration of holdings would not lead to drastic actions that could devalue Bitcoin. The interview highlights that prudent management of Bitcoin assets by institutional investors is crucial to maintaining market stability.

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