.01% of Bitcoin holders hold 27% of all Bitcoin

Re:.01% of Bitcoin holders hold 27% of all Bitcoin by jonas21 on Saturday May 21, 2022 @04:57PM (#31461724)

Which part do you think is absurd? It looks like they used the 10,000 number from the NBER paper as the numerator and the crypto.com estimate of 114M people with Bitcoin as the denominator to come up with the 0.01% figure [1].

Do you find it hard to believe that ~100M people hold Bitcoin? This seems at least in the right ballpark when you cross-reference it with survey data [2].

[1] https://www.wsj.com/articles/bitcoins-one-percent-controls-l...

[2] https://www.pewresearch.org/fact-tank/2021/11/11/16-of-ameri...

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by onlyrealcuzzo on Saturday May 21, 2022 @05:06PM (#31461805)

Are they counting that the first wallet owns ~5% of BTC?

With this in mind - it's less surprising that the remaining 0.01% own 22%.

This isn't TOO far off of regular inequality.

IIUC, the top 0.01% globally own >12% of wealth: https://www.chicagobooth.edu/review/never-mind-1-percent-let...

Given that crypto had such absurd hyper growth - I'm actually shocked inequality isn't far worse.

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