Post
Topic
Board Bitcoin Discussion
Re: 1,000 People Own 40 Percent of Bitcoin Market
by
Captimiz
on 18/12/2017, 00:24:19 UTC
1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

This is not too different from the real world, where around the top 1% own around 50% of the economy.

Also, these 40 people you are referring to probably got into bitcoins early and mined when the difficulty was very low. I remember at one point ASIC miners paid for themselves in 5 days.