Today news
About the same in other media
0.01% of Bitcoin holders control 27% of all circulating coins: Study
Reading now: 996
Less than 1% of the biggest Bitcoin (BTC) hodlers are allegedly controlling more than a quarter of all BTC in circulation, according to a new study.
The National Bureau of Economic Research, an American private nonprofit research organization, released a study claiming that 10,000 Bitcoin accounts, or 0.01% of all BTC holders, own 5 million BTC, or 27% of all 18.9 million coins in circulation.
The amount of BTC held by the “one percent” is equivalent to approximately $232 billion, The Wall Street Journal reported on Dec. 20.
Conducted by finance professors Antoinette Schoar at MIT Sloan School of Management and Igor Makarov at the London School of Economics, the study aims to demonstrate that Bitcoin is not that decentralized as one might
Read more on cointelegraph.comAbout this in other media
Happy Birthday, Bitcoin! Industry players share a few words cointelegraph.com /2 years ago
Bitcoin dips below $47K as US dollar surge dampens BTC price performance cointelegraph.com /2 years ago
Bitcoin price fell short of analysts’ $100K target, but what about 2022? cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
