I actually thought that this development was the expected outcome, more than the actual coins being scooped up by Wall Street. The BTC difficulty is made to get harder over time. I didn't think that individual or small group of miners can continuously mine it. The amount of processing power needed to mine BTC will only continue to increase which requires a large amount of money.
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The coin distribution really has no factor on the network. It does in terms of other utility but from a node perspective, the coins dont matter.
But those producing the hash rate, that is a different story.