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MicroStrategy's Bitcoin Purchases Spark Debate on Centralization

June 30 (Cointime) - The acquisition of Bitcoin by MicroStrategy has caused discussions about the possibility of centralization of the cryptocurrency. The company, led by Michael Saylor, has replaced its cash reserves with Bitcoin and now holds an impressive 152,333 BTC. This concentration of Bitcoin holdings has raised concerns about the decentralized nature of the currency.

While some see MicroStrategy's move as pioneering, others are worried about the potential risks of centralization. However, the underlying protocol of Bitcoin remains unchanged, and as more companies potentially follow MicroStrategy's lead, the conversation around Bitcoin's centralization will likely continue to evolve.

Bitcoin Bitcoin $94,365.12
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