According to @EricBalchunas, Bitcoin remains the same asset regardless of who owns it, and mainstream adoption should be seen as natural rather than “selling out,” drawing a Nirvana major-label analogy (source: @EricBalchunas on X, Nov 17, 2025). For traders, this argues for prioritizing liquidity, access, and execution over debates about ownership cohorts, since the asset’s nature is unchanged by owner base per his statement (source: @EricBalchunas on X, Nov 17, 2025). This sentiment frames broader distribution as neutral-to-positive for market depth rather than a fundamental risk factor, based on his assertion that BTC is the same asset regardless of ownership (source: @EricBalchunas on X, Nov 17, 2025).