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Analyst Counters "Black Swan" Author's Claim of Bitcoin Concentration Among Big Players

June 23 (Cointime) - Nassim Nicholas Taleb, the author of "Black Swan," has caused controversy in the Bitcoin community by claiming that the cryptocurrency is flawed due to being in the hands of big players. He argues that central banking systems like the Federal Reserve are superior due to transparency and the influence potential of the USD system.

However, analyst Will Clemente has countered Taleb's claim, stating that on-chain data shows that more Bitcoin is held by smaller entities than ever before, indicating a trend towards decentralization. While it is true that a significant number of Bitcoins are held by "whales," their number is decreasing, showing a trend towards greater distribution. The U.S. government also owns a significant amount of Bitcoin, adding another layer to the concentration debate.

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