2024

Bitcoin

Portion

when

Simply

<ul>
 <li>Over 57 million Bitcoin addresses hold less than 0.0001 BTC, contributing just 32.72 BTC to the total supply.</li>
 <li>Addresses with 10-100 BTC, making up 0.25% of wallets, control over 22% of the total Bitcoin supply.</li>
 <li>Wallets holding 100-1,000 BTC, just 0.03% of addresses, control nearly 19.43% of the total Bitcoin supply.</li>
</ul>
<p>The data on the distribution of Bitcoin demonstrates that the concentration of wealth is growing rapidly because the largest number of wallets contains a large share of the total supply.&nbsp;</p>
<p>Although most Bitcoin addresses contain little or no funds, many contain large amounts of the token. Such a trend demonstrates the increasing concentration of ownership, where the gap between small investors and major holders and institutions is expanding rapidly.</p>
<h2 class="wp-block-heading" id="h-most-wallets-hold-minimal-amounts">Most Wallets Hold Minimal Amounts</h2>
<p>Over 57 million Bitcoin addresses hold less than 0. 0001 BTC, representing 10. 57% of all <a href="https://cryptonewsland.com/?s=bitcoin+wallets" rel="noopener noreferrer nofollow">wallets</a>. However, or maybe because of it, these many accounts, as a whole, control only 32 of the identified percentage. which is 72 bitcoins that is almost negligible when compared to the total supply.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">NEW: Holding ≥0.1 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> puts you in the top 8.44% of all HODLers. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Keep stacking! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/iZjQb3y4AH" rel="noopener noreferrer nofollow">pic.twitter.com/iZjQb3y4AH</a></p>— Simply Bitcoin (@SimplyBitcoinTV) <a href="https://twitter.com/SimplyBitcoinTV/status/1833193390814728280?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 9, 2024</a>
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<p>On the other hand, addresses with balances less than 0.1 and 1 BTC represent 6. However, they own 57% of the wallets and only control 5. The second largest holder has 57% of the total <a href="https://cryptonewsland.com/?s=bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> which means that retail investors own a slight proportion of Bitcoin, while institutional investors own larger parts of it.</p>
<h2 class="wp-block-heading" id="h-large-holders-control-a-significant-portion-of-bitcoin">Large Holders Control a Significant Portion of Bitcoin</h2>
<p>Moreover, the distribution of wealth in the Bitcoin networks is highly concentrated, and it becomes even more so when the wallet balances are analyzed at a higher range. For instance, <a href="https://cryptonewsland.com/?s=bitcoin+addresses" rel="noopener noreferrer nofollow">addresses</a> containing between 10 and 100 BTC account for as low as 0% of the overall share.&nbsp;</p>
<p>Holding 22% of total Bitcoins, they own voting rights of only 25% of the total value. This trend represents the fact that the market is dominated by <a href="https://cryptonewsland.com/?s=bitcoin+holders" rel="noopener noreferrer nofollow">large holders</a> and they have a relatively greater importance in trading.&nbsp;</p>
<h2 class="wp-block-heading" id="h-institutional-wallets-lead-at-the-top-tier">Institutional Wallets Lead at the Top Tier</h2>
<p>Wallets that contain between 100 and 1,000 BTC represent only 0.03% of addresses but control almost 19.43% of Bitcoin. These are some of the largest wallets in the network which belong to institutions and exchanges.</p>
<p>Also, a few holders with more than 1000 BTC keep on accumulating a large portion of the Bitcoin. These institutional investors and early adopters are major players in the market shape and move Bitcoin’s price and supply as they keep on buying lots of it.</p>
<p>The post <a href="https://cryptonewsland.com/bitcoin-distribution-highlights-growing-wealth-among-large-holders/" rel="noopener noreferrer nofollow">Bitcoin Distribution Highlights Growing Wealth Among Large Holders</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Distribution Highlights Growing Wealth Among Large Holders

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