Criticism: A small number of holders controlling most Bitcoin could lead to inequality and discourage broader adoption. If wealth remains concentrated, it could create a perception of unfairness, alienating new users.

Criticism: Governments may impose strict regulations or bans, limiting Bitcoin's adoption and use. Without mitigation, this could stifle growth, drive users away, and even make Bitcoin illegal in some regions.

Criticism: Large corporations owning significant Bitcoin could centralize control, undermining decentralization. If unchecked, this could lead to price manipulation and a loss of Bitcoin's core ethos of financial sovereignty.