HACKER Q&A
📣 ToFab123

Who Owns The Bitcoin?


According to Bloomberg: A few large holders "whales" [...] continue to own most Bitcoin. About 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency’s blockchain control 95% of the digital asset [...] A further breakdown shows that whales own 92.4% of the 2%, while crypto exchanges account for nearly 7% [...], while whales accounted for 92.3% of the biggest holders [...]

https://www.bloomberg.com/news/articles/2020-11-18/bitcoin-whales-ownership-concentration-is-rising-during-rally

Has it been identified who that is?


  👤 modeless Accepted Answer ✓
Aren't the biggest addresses all cold storage for exchanges, funds, etc? Those coins are not owned by a single "whale", they belong to thousands of users and investors of the exchanges and funds. It is misleading to look at a single address and assume that a single person owns every coin in it.

👤 Jimmc414

👤 chovybizzass
roger ver is a billionaire i believe. he got in very early.

also the winklvoss twins bought 200,000 btc at $7.


👤 throwawayyy6
Mircea Popescu

👤 kmichal456
Whoever owns 51% of mining nodes owns bitcoin.