RE: Crypto Holdings Are Anything But Decentralized
For BTC sure, but don't forget that BTC is only a microcosm of the bigger picture. Yes, it does enjoy massive market share for now, but there are a hell of a lot of other cryptos out there that are much more evenly distributed.
Think about it: would you like to put $1000 into BTC, knowing what you do about it, or $1000 into a promising new ICO (a proper one, not one of these fly-by-night rubbish ones). For now a lot of people will still choose BTC, but what if the BTC whales do start playing too many games with the price? That would shift the BTC holders and potential holders away from BTC and towards the rest.
I think BTC will always be there, mainly as a store of value, but that it will continue to lose market share (in the long-term) to altcoins. And if you shop carefully right now already, you can pick up some great deals in very low market cap altcoin country!
Yes, many alts are distributed much more evenly as the irony is that those projects are large holders in coins like ETH since that is what they accepted as payment. Even more the reason to have some alts in one's portfolio.
I wonder how much (and I really have no clue what the answer is here) of that collected ETH from ICOs is kept by the ICOs, and how much they change into fiat to build their company/launch the coin etc