Post
Topic
Board Economics
Re: Only 2% of addresses hold 1 Bitcoin or more — Is this true?
by
stompix
on 03/02/2021, 13:04:05 UTC
I'm curious about some publications mentioning that "only 2% of the addresses holds 1 Bitcoin or more".
I found this to be quite surprising, since I always supposed longtime hodlers to be the larger segment of the Bitcoin ecosystem and not just a small fraction.

Why would that be surprising especially if you think logtime holders would have more coins?
The 2% is exactly a reflection of old addresses having a lot of coins while millions of new ones only a few satoshis, those 2% hold more than 95% of all coins.

Understand what "or more" means, it includes addresses with 140 000 coins, how could addresses with over 10 000 coins represent let's say 1%? Their maximum number would be 2 100, that being 1% of the total will bring the total number of addresses with a balance to be just 210 000!!!!!

The percentage is normal, just like people with over 10 million in assets represent a tiny fraction of the popualtion.