Bitcoin facts

Market capitalization of Bitcoin (BTC) from April 2013 to April 29, 2024 (in billion U.S. dollars) Facts about bitcoin Purchases and Sales of Bitcoin

The question of whether Bitcoin contributes to equalizing or widening wealth inequality lacks a straightforward answer. The technology’s potential to empower the unbanked, facilitate cross-border transactions, and offer financial autonomy is undeniable. However, these benefits must be weighed against the challenges of access, volatility, and concentration of ownership. To harness the positive aspects of Bitcoin while mitigating potential negative outcomes, policymakers, industry stakeholders, and communities must collaborate to strike a balance between innovation and equity. Potential cons of spot bitcoin ETPs Bitcoin price has been experiencing an impressive rally lately. So, can the rally continue in 2024? Continue Reading: Will the Bitcoin Price Continue to Rally in 2024? Analyst Answers

Analysis of Bitcoin Ownership Distribution Bitcoin SV Holders Statistics MainNet So, other than some cool facts, what else is there to blockchain? I started off earlier that Bitcoin is just one example of an advocate of the blockchain technology. Blockchain can be and already is, used in countless different forms and industries. Let me share a few.

According to the numbers, as few as 0.04% of all BTC addresses own over 62% of all available Bitcoin. When you go a notch up, you can see that nearly 85% of BTC is owned by just 0.35% of address holders, and at a bit north of 2%, the ownership grows to over 94%. If you check global wealth distribution data, it doesn't come close to Bitcoin in terms of "unfairness." In 2020, Credit Suisse estimated that the richest 1.1% owned nearly half of the total wealth - and it's probably worse now. The first Bitcoin ATM was installed in 2013. Not including Satoshi, three bitcoin addresses contain more than 100,000 bitcoin each. The three addresses with the most bitcoin belong to Binance, Bitfinex, and another address, whose identity is unknown. These four addresses collectively own more than 577,502 bitcoin. The exchange addresses represent the holdings of many individual investors who are not holding their own keys.