Tuesday, November 5, 2024

0.01% of owners own 27% of Bitcoin

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The worrying data comes from a study conducted by a US NGO called the National Bureau of Economic Research. the details

less than 1% of Biggest Bitcoin Holders They supposedly control more than a quarter of all bitcoins in circulation.

The alarming number came from a report by the National Bureau of Economic Investigations, a private US nonprofit investigative organization.

in other numbers

The report highlighted that 10,000 bitcoin accounts, That is, 0.01% of all BTC holders own 5 million BTC, or 27% of the 18.9 million coins in circulation..

This is why the amount of BTC in the hands of “one percent” equals about 232.000 million NIS, as reported by The Wall Street Journal on Dec.

Apparently, Bitcoin is not as “decentralized” as thought

studying Made by Finance gurus Antoinette Schwar, de la MIT Sloan School of Management, e Igor Makarov, de la london school of economics, He seeks to prove that Bitcoin is not as decentralized as you might think.

According to Scheuer, “Despite being in the market for 14 years and the hype it has been through, it’s still a very centralized ecosystem.”

According to the WSJ note that the . file Laborers they control A larger share of BTC from the richest US households in dollars.

Based on data from the United States Federal Reserve (FED), He found that 1% of the richest families in that country own nearly a third of the total wealth.

Not very decentralized

This data can be quite eye-catching to the crypto community, since Main proponents of Bitcoin always stand out that decentralization It is one of the main principles of the Bitcoin network.

According to the founder of Quantum Economics, Mitt GreenspanAnd Satoshi Nakamoto controls a lot of the bitcoin supply in circulationThe anonymous creator of Bitcoin.

“Only satoshis account for more than 5%,” Greenspan noted in an interview with a specialized media, adding: “Over time, bitcoin ownership is designed to be distributed further. In the case of fiat money, the opposite happens.”

It seems that a lot of the bitcoin supply in circulation is not controlled by anyone It will probably be lost forever.

According to crypto insurer Coincover, around 4 million BTC are out of circulation due to the loss of accessAccording to Cointelegraph.

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