Re:Bitcoin may be optimally positioned to become preferred c...
by jm4rc05 on Monday March 01, 2021 @10:36AM
(#26303709)
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.
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Re:Bitcoin may be optimally positioned to become preferred c...
by paxys on Monday March 01, 2021 @10:41AM
(#26303797)
Is that number substantially different for any other currency?
Re:Bitcoin may be optimally positioned to become preferred c...
by thendrill on Monday March 01, 2021 @10:48AM
(#26303898)
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.
Re:Bitcoin may be optimally positioned to become preferred c...
by rplnt on Monday March 01, 2021 @10:44AM
(#26303835)
Most currency would be publicly owned and regulated.
Re:Bitcoin may be optimally positioned to become preferred c...
by glitchc on Monday March 01, 2021 @10:41AM
(#26303794)
Flipside Crypto is a co-author in this report.
Re:Bitcoin may be optimally positioned to become preferred c...
by thendrill on Monday March 01, 2021 @10:44AM
(#26303842)
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