Bitcoin / Bitcoins / Crypto Currency

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%~} in reply to @JonoMarshall

Around 2% of bitcoin accounts (that can be tracked) control 95% of the asset. That further breaks down into ~92% of the 2% of accounts being 'whales' and only ~7% of the 2% being exchanges (or what you might consider a free/fair market).

What’s the source for that? Not disputing btw, just keen to know more.

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JonoMarshall in reply to @%~}

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

I think the distinction from houses/watches/whatever is the price isn't kept artificially high, it's a constant boom/bust cycle with the ultimate aim of increasing your own market share?

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