Credit to Microsoft Copilot
According to data from BitInfoCharts, approximately 1.86% of wallet addresses hold more than 90% of all Bitcoin currently in circulation. This concentration of ownership can indeed influence market dynamics and potentially lead to price manipulation.
https://www.techopedia.com/who-owns-the-most-bitcoin
https://cointelegraph.com/news/1-percent-bitcoin-holders-btc-supply
The key point to all cryptos is a majority stake that never sells unless they need to manipulate the price.
Something like 2% of BTC holders control 90% of it. https://t.co/kI6lgwnxQ5
— Darth Powell (@VladTheInflator) December 4, 2024
Those who are ultra bullish on Bitcoin had better be sure of two things:
1) That there is no tech stock bubble
2) That the correlation between Bitcoin and tech stocks is just a coincidence and/or that it will decouple
If you're wrong, the poor house awaits.$BTC $IBIT pic.twitter.com/iPqpTcZfBx
— Jesse Colombo (@TheBubbleBubble) December 4, 2024