RATE Group | Research: 55% Of The Worlds Bitcoin Held in Just 1% of Wallets
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Research: 55% Of The Worlds Bitcoin Held in Just 1% of Wallets

30 Sep Research: 55% Of The Worlds Bitcoin Held in Just 1% of Wallets

Posted at 01:24h in Bitcoin News by

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Bitcoin is a pseudo-anonymous currency since Bitcoin wallet addresses aren’t connected to users, nor are the transactions made with cryptocurrency.

Even so, it’s still possible to find out some interesting things about the people who own cryptocurrencies — even those known as whales who possess larger-than-normal quantities of it.

Diar, a currency analysis website, did that through a detailed study that found that only 1 percent of wallets hold 55 percent of all the bitcoins in the world. However, that’s not the only curious thing the company discovered.

Many Wallets Showed No Transaction History

For the study, wallets owned by whales that contained over 200 bitcoins were considered investment wallets and represented over $1 million in worth. Diar concluded 42 percent of those wallets had no outgoing transactions during the price peak that happened in December 2017.

One reasonable assumption some analysts might reach after learning about those statistics is that the…

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