Wallets with less than 1 BTC account for just 5% of Bitcoin’s market cap

New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC.

The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC’s astronomic price rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft tweeted a chart revealing that more than 800,000…


Source link

About bitcoin

Check Also

5 Hard-to-Believe Bitcoin Facts | The Motley Fool

Whether you’re a diehard bitcoin fan or you can’t stop screaming mania, it’s hard to …

Leave a Reply

Your email address will not be published. Required fields are marked *