My mother always says: "Everything is relative in this world" and yes she is right, for example, so far a total of 18. 6 million BTC, and certainly that 1.1 million held by institutions does not seem to be very powerful, however, there is a variable that we do not take into account and that is the fact that between 17% and 23% of the BTC are lost forever (data from a study by the company Chainanalysis), that means that in reality there are less than 21 million BTC available and the amount of BTC in wallets under the control of corporations would be around 8%, which does not seem an alarming figure but it is necessary to consider that they have under their power almost all the fiat money in the world, which is used to buy more and more BTC.
I hope it never happens, but eventually that group that owns 92% of the BTC will choose to sell a part to the institutions, either to acquire some good or to exchange for fiat money, in this way is that the minority of powerful people who only have fiat money plans to keep most of the bitcoin, while it is still considered as a safe haven or digital gold.
RE: Hive is my best choice in cryptocurrencies