The Express reported that figures from Chainalysis, a well-known cryptocurrency analysis firm, show that over one-third of all Bitcoin is in only 1,600 wallets.
1,600 Wallets Hold Over 1/3 of All Bitcoin
This issue has been no secret in the cryptocurrency community, with small investors in the space continually dubbing these wallets as ‘whales.’ The aforementioned 1,600 wallets all have more than 1,000 Bitcoin each, with 100 of these wallets containing over 10,000 Bitcoin, reports the Express. At current market prices, 10,000 Bitcoins clocks in at a staggering $75 million U.S., which is by no means a figure to scoff at.
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