Quote from: Biodom on July 31, 2025, 04:47:09 PM

Quote from: cxtreenal on July 31, 2025, 04:33:02 PM

[edited out]

Notice that they refer to >10 btc as a "whale".

Quote

Bitcoin whales holding between 10 and 10,000 BTC...

The cutoff used to be 1000 btc...shows how much bitcoin has moved up in price, especially in five years since 2020.

Personally, I am not sure that 10 btc is a true whale as it is "just" 1.18 mil...maybe 100btc is a whale now...or maybe still about 250-255 btc (an equivalent to about $30mil-a minimal requirement for UHNWI).

It is quite amazing how much wealth seems to go up when a person is accumulating and/or erroring on the side of holding bitcoin, and surely you are correct that 10BTC just does not have any kind of a whale connotation, even if on a personal level guys with between 10 BTC and 30 BTC are likely getting into reasonable levels of BTC accumulation that would be approaching or surpassing their entry-level fuck you status, and even with bitcoin, it seems that if guys have something like 10 BTC right now, then in 2-3 years, the dollar value of that quantity of BTC is likely to be double, especially if we might be considering valuating the BTC more conservative like the 200-WMA as a means to valuate our bitcoin holdings. Spot price can be all over the place, so we might not have as much confidence where the spot price might be in short term, such as 2-3 years from now.

On a definitional level, I am not really sure what is the difference between a whale and filthy-rich status.

I have tentatively put filthy-rich status as having $100 million or more of wealth, but yeah, perhaps a whale could still fit within whale status with quite a bit less than filthy rich status levels of wealth in order to still be considered a whale.. something like you mentioned with a $30 million net worth level could be enough, yet maybe even $20 million to $30 million might be considered as a starting range for whale status.

I did look up and got an AI generated answer that said that only around 0.003% of the world's population have $30 million or more of wealth, yet it still seems to me that even guys who are getting into the $20 million or more (especially if they are holding BTC) may well be getting into what might be deemed whale status, and I am thinking that just over 2 years, even the guys with $20 million in wealth in bitcoin (in accordance with the 200-WMA) will likely have right around $40 million in wealth in just over 2 years time.. let's say within about 30 months or so.

By the way, right now, to have a $20 million bitcoin valuation at the 200-WMA levels, 395 BTC would be necessary... yet coincidentally, right now, 395 BTC has a spot value of more than $46 million.

Of course, if we were judging bitcoin valuation based on current spot price, then ONLY 170 Bitcoin would be required to be at a $20 million valuation, yet I hardly have confidence to proclaim the spot price value of the 170 BTC doubling in 2 years to 2.5 years, unless we were to measure it in it 200-WMA valuation, which would be just over $8.6 million right now for 170 BTC.. and so we likely could have pretty decent confidence that the 200-WMA valuation of 170 BTC would be $20 million or more within 2.5 to 3 years (since that would be 2.33x appreciation in its 200-WMA valuation).

Edited: Made some changes to flow.