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0.01% of Bitcoin holders control 27% of all circulating coins: Study
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Less than 1% of the biggest Bitcoin (BTC) hodlers are allegedly controlling more than a quarter of all BTC in circulation, according to a new study.
The National Bureau of Economic Research, an American private nonprofit research organization, released a study claiming that 10,000 Bitcoin accounts, or 0.01% of all BTC holders, own 5 million BTC, or 27% of all 18.9 million coins in circulation.
The amount of BTC held by the “one percent” is equivalent to approximately $232 billion, The Wall Street
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