Assets, Bitcoin

How Much of Bitcoin Is Owned by Whales?

Bitcoin is often associated with wealthy individuals, especially those who have amassed large amounts of the digital currency. These so-called “bitcoin whales” can single-handedly manipulate the market, according to some cryptocurrency experts.

Bitcoin’s price is notoriously volatile, and large swings in price are often attributed to the actions of these whales. But just how much bitcoin is owned by them?

A recent study by BitInfoCharts found that just 1,000 addresses hold more than 40% of all bitcoins in circulation. That means that a relatively small number of people own a huge amount of the world’s most popular cryptocurrency.

NOTE: It is important to note that the term “whale” is used to refer to individuals or entities who own large amounts of Bitcoin. Although whales are thought to have a large influence on the market, it is difficult to accurately quantify the amount of Bitcoin they own. Therefore, caution should be exercised when speculating on how much of Bitcoin is owned by whales. Additionally, as with any investment, there is a risk that you may lose some or all of your invested capital when speculating on Bitcoin ownership by whales.

And it’s not just bitcoin whales who can influence the market. A group of wealthy investors, known as “The institutional investors”, have also been buying up large amounts of bitcoin.

These investors are typically hedge funds, venture capitalists, and family offices. They’re investing in bitcoin because they believe it has the potential to become a digital store of value, like gold.

So, how much of bitcoin is owned by whales? It’s difficult to say for sure, but it’s clear that they control a large chunk of the market. And as more institutional investors enter the market, their influence is only likely to grow.

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