As of 2024, there are roughly 19.45 million Bitcoin mined. The distribution of these coins is highly uneven:
•Top 0.01% of Bitcoin addresses hold 27% of all Bitcoin.
•Top 0.1% of addresses control approximately 60% of Bitcoin.
•Top 1% of addresses hold roughly 90% of the Bitcoin supplly
According to the most recent on-chain data, the BTC distribution is as follows:
Whales (1,000+ BTC): These addresses control 42% of Bitcoin supply. There are around 2,000 such addresses.
Humpbacks (10,000+ BTC): A few hundred addresses belong to exchanges or institutional investors, holding a combined 10%+ of supply.
Large Fish (100-1,000 BTC): These wallets hold around 20% of supply.
Retail Investors (0.1 - 10 BTC): The bulk of addresses fall within this range, but they collectively hold less than 10% of the Bitcoin supply.
Dust wallets (under 0.001 BTC): These small wallets make up the majority of addresses but hold a minuscule amount of BTC.
So, I think it's clear as of today that Bitcoin is highly uneven distributed, just like fiat money.
If we assume that there will be a shift from the Whales towards the smaller wallets (because it represent the bulk of BTC addresses/and humans owning them) then what makes you think that the Whales won't use the BTC they own to amass more BTC from the other categories?
ChurchOfCovid1984 / Church of Covid19-84
npub12d…d909c
2024-09-05 13:35:56
in reply to nevent1q…x3k2
Author Public Key
npub12d5hu0ljysc58fh2ksgy3thfa9lz4tmdfwaf5fhchea6zzc2fyps5d909cPublished at
2024-09-05 13:35:56Event JSON
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"pubkey": "53697e3ff2243143a6eab41048aee9e97e2aaf6d4bba9a26f8be7ba10b0a4903",
"created_at": 1725543356,
"kind": 1,
"tags": [
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"content": "As of 2024, there are roughly 19.45 million Bitcoin mined. The distribution of these coins is highly uneven:\n•Top 0.01% of Bitcoin addresses hold 27% of all Bitcoin.\n•Top 0.1% of addresses control approximately 60% of Bitcoin.\n•Top 1% of addresses hold roughly 90% of the Bitcoin supplly\n\nAccording to the most recent on-chain data, the BTC distribution is as follows: \nWhales (1,000+ BTC): These addresses control 42% of Bitcoin supply. There are around 2,000 such addresses.\nHumpbacks (10,000+ BTC): A few hundred addresses belong to exchanges or institutional investors, holding a combined 10%+ of supply.\nLarge Fish (100-1,000 BTC): These wallets hold around 20% of supply.\nRetail Investors (0.1 - 10 BTC): The bulk of addresses fall within this range, but they collectively hold less than 10% of the Bitcoin supply.\nDust wallets (under 0.001 BTC): These small wallets make up the majority of addresses but hold a minuscule amount of BTC.\n\nSo, I think it's clear as of today that Bitcoin is highly uneven distributed, just like fiat money. \n\nIf we assume that there will be a shift from the Whales towards the smaller wallets (because it represent the bulk of BTC addresses/and humans owning them) then what makes you think that the Whales won't use the BTC they own to amass more BTC from the other categories?",
"sig": "b3a45a0484b390dceb31e8adbfef1979a6fd1a9a073c7a9cda0fd33465de6f2351ee3f7a3605987c3a6445d92c601fd4a6a68843a6fb3635b5b6bbcedc1e713d"
}