Bitcoin Not Decentralized Anymore? Governments and Giants Now Hold 31% of BTC Supply

  • TL;DR A new report by Gemini reveals that governments, ETFs, and public companies now control nearly one-third of Bitcoin's total circulating supply. The accumulation of 6.1 million BTC marks a major shift toward large-scale institutional adoption. While volatility has decreased, concerns grow about the erosion of Bitcoin's founding principle of decentralization.