Post
Topic
Board Economics
Re: Bitcoin gini coefficient is increasing
by
exstasie
on 22/06/2019, 09:36:22 UTC
"The final results are very alarming as GINI has increased to 0.997 by the end of 2013 and the market share of top 10 holders alone has reached 6.6% of the entire market. Therefore, the rich have actually got richer and steps should be taken to curb such a wealth accumulation model in the network."

It seems bad news for bitcoin price.

https://link.springer.com/chapter/10.1007/978-981-13-0755-3_15

You sure about that? I think it might be the opposite.

Large holders are accumulating. They have an interest in withholding supply from the market, not selling for small time gains. That means would-be investors fighting for a smaller and smaller pool of coins. That means higher prices.