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Vinny Lingham, co-founder, chairman and CEO at Civic, raises concerns about Bitcoin concentration. Lingham points out that when a single individual controls nearly 5 percent of the total Bitcoin supply, that person can significantly influence the direction and fate of Bitcoin.
He states that he has highlighted this issue for years, but believes it has received little attention because the price of Bitcoin continues to rise.
Lingham has previously cautioned investors after Strategy STRC advertised safety and promised 11.5% returns, resulting in capital losses for retirees, according to his earlier comments. He also warned that retirees may have been misled by AI ads promoting STRC’s high yield promises in a separate statement. His recent concerns about Bitcoin concentration follow a series of warnings on investor risk.