Bitcoin’s Top ‘One Percent’ Controls Alarming Amount of Cryptocurrency Wealth

The top bitcoin holders control a greater share of the popular cryptocurrency than the wealthiest American households control in dollars, according to a new study by the National Bureau of Economic Research. The study found that the top 10,000 bitcoin accounts hold 5 million bitcoins, an equivalent of approximately $232 billion. With an estimated 114 million people globally holding the bitcoin, according to crypto.com, that means that approximately 0.01% of bitcoin holders control 27% of the 19 million bitcoin in circulation, reports the Wall Street Journal.

— source maxim.com | Dec 20, 2021

Nullius in verba


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