About 17% of Bitcoin’s total circulating supply is now held by retail investors, according to recent public blockchain data curated by analytics firm, Glassnode.
“Not perfect yet, but solid for a 12-year-old asset and definitely trending in the right direction,” tweeted Will Clemente, an analyst at Reflexivity Research, in response to the data. “Bitcoin’s supply disperses over time, while fiat’s holder base concentrates to whales over time.”
A Glassnode chart shared by Clemente shows…
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