Does It Bother You That The Top 2% Of Wallets Hold 94% Of All Bitcoin Out There?
1 min read
It doesn’t seem to be too egalitarian, especially when you realise that the same person could potentially own multiple wallets. Now, of course, a number of these wallets belong to exchanges who are holding Bitcoin on behalf of their customers.
Still…
If we generously assume that that no one holds more than 1 BTC on an exchange, which is the cut-off to be included in the Top 2% and thus…
We allow ourselves to discount all the Bitcoin held by exchanges (around 2,000,000) we still end up with…
The Top 2% of wallets holding 84% of all the Bitcoin out there. To put that into context, people say wealth inequality in the United States is bad.
Great, I suppose it is, but the Top 2% only hold 40-50% of all wealth in the US.
submitted by /u/TheFamousHesham
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