Source: https://www.zerohedge.com/news/2018-02-11/jpmorgan-publishes-bitcoin-bible
If you own 10+ Bitcoin, you are in the top 1% of all Bitcoin Holders. How much this chart has shifted over the recent 70% pullback is unknown. My guess, if anything, is that it would be consolidated even more by the “large players” taking from others.
Also, an unkown is the amount of Bitcoin that has been lost over the years. Speculation is a few million BTC have been lost and unaccounted for.
This data is part of an article that talks about JP Morgans “turnaround” or belief that crypto’s are here to stay. It speaks to many investments aspects of cryptos and that it is a perfect form of diversification from the market — but liquidity is obviously an issue.
The less correlation to the stock market the better for cryptos as a hedge or diversification of a portfolio.
In terms of the size of the crypto market compared to other investments. We know crypto’s are a tiny % of all investment monies.
I think JP Morgan must have gotten their share of BTC on the price drop. Now they can publish their report, funny how that works.
People argue that some other coins are not decentralized but Bitcoin is becoming more centralized than ever!
In terms of number of LARGE holders...I would agree
about bitcoin there is a fact that people and exchanges tend to hold bitcoin in thousands of addresses with little balance and because of that there is a little bitcoin in much of the addresses.
Good insight in reply
I can understand that
Interesting stats thanks and upvoted!
You are welcome !
So 1% holding 90% tells me it can be rigged like nobodies business.
Like any market.... sad to say ...but I agree.