Quote from: JayJuanGee on December 26, 2024, 08:53:39 PM

Quote from: zasad@ on December 26, 2024, 10:46:34 AM

https://dailyhodl.com/2024/12/24/31-of-all-bitcoin-holdings-now-belong-to-etfs-governments-and-microstrategy-mstr-cryptoquant-ceo/
Exchange-traded funds (ETFs), governments and MicroStrategy (MSTR) own nearly one-third of all known Bitcoin (BTC) holdings.

The 31% of known BTC holdings owned by ETFs, governments and MicroStrategy represents a 14% increase from December 2023, according to Ki Young Ju, the founder and chief executive of the digital asset analytics firm CryptoQuant.
“Bitcoin Cap Table Update: ETFs, governments, and MSTR now account for 31% of all known Bitcoin holdings, up from 14% last year.”

There is something misleading about each of those pie charts, since there should be another two pie charts that shows how many bitcoin are in unknown entities (private hands), so then it would show known entities and unknown entities in order to put the unknown portion into perspective. The pie charts imply that to be the whole bitcoin supply when I would suspect that each of them is depicting less than 25% of the total bitcoin supply.

I like this statistic better
https://treasuries.bitbo.io/
But if we add bitcoins on centralised crypto exchanges to this statistic, we can get a figure = 31%. This is good news as more bitcoins come out of the shadows. But in my opinion if you take into account lost coins permanently, at least 30% of coins will be in the shadow zone.