Member-only story
How Much Bitcoin DOES the Top 1% Own?
Debunking the claims being spread on social media and mainstream outlets.
Non-members can read the full story here.
“2% of wallets control 95% of Bitcoin.”
“0.01% of bitcoin holders control 27%.”
These headlines were prominent in the last bull run between 2020 and 2021. Recently, I have seen people on social media posting these or similar stats. I have also been guilty of this, as I didn’t analyse these claims.
Thus, it is time for me to set the record straight and provide you all with important context before circulating this (somewhat) misleading information.
This will become an increasingly popular topic of discussion as we return to another BTC and crypto-wide bull market….and crypto millionaires/billionaires will be minted once again.
Before I begin, I am aware there is also the matter of a handful of companies dominating Bitcoin mining. I will cover this in future, as today’s focus is on the distribution of BTC across different addresses and how many coins the largest wallets own.
What information is being used to determine this (i.e., indicators)?
One of the key metrics used to measure this is the number of wallets holding a…
