Friday, July 1

Study: 0.01% of Bitcoin Holders Control 27% of All Coins in Circulation By CoinTelegraph

© Reuters. Study: 0.01% of Bitcoin holders control 27% of all coins in circulation

Less than 1% of the largest holders of () reportedly control more than a quarter of all BTC in circulation, according to a new study.

The National Bureau of Economic Research, a nonprofit American private investigation organization, published a study claiming that 10,000 Bitcoin accounts, or 0.01% of all BTC holders, own 5 million BTC, or 27% of the 18.9 million coins in circulation.

  • Billionaire Ray Dalio Is ‘Shocked’ By Bitcoin’s Survival In The Last Decade

The amount of BTC held by the “one percent” equates to about $ 232 billion, The Wall Street Journal reported on December 20.

Read the full article on Cointelegraph

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