Quote from: lichig on February 03, 2021, 12:34:17 PM

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.

How accurate this data could be?

Firstly, most people have a new address for each transaction which is sent to them. Therefore, most Bitcoin addresses would not have over 1BTC sent to them since people would get it in parts.

Secondly, since most transactions sent are quite small and most people don't have as much as $37,000 worth of Bitcoin, it's difficult for addresses to have so much money on them.

Hodlers are relevant in the Bitcoin ecosystem but they would control a small percentage of overall Bitcoin addresses even if they make up a lot of the people who have a large amount of Bitcoin.

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