Wallets with less than 1 BTC account for just 5% of Bitcoin’s market cap
Cointelegraph
Published Nov 27, 2020 12:51AM ET
Updated Nov 27, 2020 02:40AM ET
New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC.
The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC's astronomic price rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft tweeted a chart revealing that more than 800,000 addresses currently hold at least 1 BTC.
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Written By: Cointelegraph
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