Cryptocurrency Q&A
What happens if one person buys all Bitcoin?
What happens if one person buys all Bitcoin?
BlockchainLegendary
Tue Dec 17 2024
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answers
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I'm wondering about a scenario where a single person purchases all of the available Bitcoin. What would the implications be in such a case?
7 answers
HanjiArtistry
Thu Dec 19 2024
The question posits a hypothetical scenario where an individual is able to acquire all existing bitcoins.
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Martino
Thu Dec 19 2024
With no bitcoins left for others to buy, the demand for bitcoins would remain, but there would be no supply to meet this demand.
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CherryBlossom
Thu Dec 19 2024
To understand the implications of such an action, we must consider the basic economic principles governing supply and demand.
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TaegeukChampionCourage
Thu Dec 19 2024
In a market, the price of a commodity is determined by the interplay between how much is available for sale (supply) and how much consumers are willing to buy (demand).
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Lucia
Thu Dec 19 2024
If one person were to buy all bitcoins, this would effectively eliminate the supply of bitcoins available in the market.
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