I took a quick look at the source: https://river.com/learn/who-owns-the-most-bitcoin/ . River didn't do original research. The numbers seem to have been collected from a few sources.
The claim that 16M+ BTC are held by individuals is unconvincing because (a) it is hard to detect it from typical blockchain analysis techniques (e.g., graph analysis), and (b) it contradicts the intuition from mining power distribution--most of the mining power is concentrated among a handful of players.
It is certainly possible that 16M+ BTC is held by individuals, but the claim would have been more convincing if they had stated the methodology upfront.
ishaq
npub18p…7m7uf
2025-01-14 14:12:08
in reply to nevent1q…6zhl
Author Public Key
npub18puap6v6ml7t90l8ey7jm7s7nv03m0m28eysywjsshn7w502hunqs7m7ufSeen on
wss://relay.primal.netPublished at
2025-01-14 14:12:08Event JSON
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"content": "I took a quick look at the source: https://river.com/learn/who-owns-the-most-bitcoin/ . River didn't do original research. The numbers seem to have been collected from a few sources.\n\nThe claim that 16M+ BTC are held by individuals is unconvincing because (a) it is hard to detect it from typical blockchain analysis techniques (e.g., graph analysis), and (b) it contradicts the intuition from mining power distribution--most of the mining power is concentrated among a handful of players.\n\nIt is certainly possible that 16M+ BTC is held by individuals, but the claim would have been more convincing if they had stated the methodology upfront.",
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