You’ve probably heard of Bitcoin Whales (BTC), but it turns out that there are many more creatures in the « ocean of cryptomoniacs ». Are you one of those hard-to-find whales or are you a small fish from the ocean floor? It’s time to find out!
According to a report by the crypto-analysis company Glassnode, there is a real underwater hierarchy in the possession of Bitcoins:
Shrimp collectively own less than 5% of all bitcoin in circulation, while whales own nearly a third of all bitcoin and humpback whales control about 40% of the stock.
Miners, for their part, hold nearly one-tenth of the total share of Bitcoin, and cryptos purses own 12.7%.
But Glassnode chose to look on the bright side, with co-founder and chief technology officer Rafael Schultze-Kraft saying on Twitter that « Bitcoin ownership is much less concentrated than is often reported, » adding that the report had also shown that it had in fact « spread over time ». He said that « the number of whales has increased », adding that this was a sign that « institutional investors » were « coming ».
The authors of the report suggest that instead of claiming that « 2% of accounts » own 95% of all Bitcoin in circulation, the number is actually closer to 71% ».
To buy cryptomoney; SEPA Zone Europe and French citizens:
To purchase cryptography in Canada:
To buy cryptos by credit card or debit card:
To open a Bitcoin savings plan, go to the regulated platform StackinSat.
To secure or store your cryptomoney:
To invest in mining or masternodes:
To trade your cryptos anonymously:
To earn interest on your Bitcoins:
To accumulate cryptos through gambling:
If you want to learn more about Bitcoin and investing in cryptos, here are two perfect books: « Understanding Bitcoin in 2 hours » and « Investing in Bitcoin ».
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