Bitcoin has been making a lot of news lately. The cryptocurrency shot up in value by over 200% in 2017, making many people fear that the market is in a bubble. Last week, China decided to close its bitcoin exchanges, which caused investors around the world to panic about the currency’s long-term viability. But how many people own bitcoin, and how is the currency distributed around the world?
As you can see, over 95% of all bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market.
Its good to be the king
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I do wonder how many of those early bitcoins were lost when the value was extremely low. If there's a 21M hard cap, it's possible that thousands or millions are in lost wallets. This will keep happening over time too, wallets are complicated for the average user.
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Interesting, there is many people who mined 10000s of bitcoins in its infancy but lost them thinking it will be of any value, gladly a third or so is not even mined :)
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