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by jm4rc05 1938 days ago
A few large holders commonly referred to as whales continue to own most Bitcoin. About 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency’s blockchain control 95% of the digital asset, according to researcher Flipside Crypto.
3 comments

Is that number substantially different for any other currency?
No but there is a problem with Btc that is not comparable to other currencies.

Satoshi own 1 million btc. That is 49 billion usd.

When he made that 1 million 11 years ago nobody knew what btc was...

Do you see the problem.

Most currency would be publicly owned and regulated.
Flipside Crypto is a co-author in this report.
Also another thing that has to be remembered is that a large amount of crypto in circulation is actually stolen crypto.

Anyone that has been in crypto pre 2016 has lots of it being stole or lost. MtGox, Cryptsy, Poloniex, DarkWeb. Most of these coins just went to other wallets.

Also alot of whales just have a ton of wallets, so we will never know....

I just know that a 1000 btc at the moment is enough to move the market billions.

And alot of people have bigger wallets