📰 No, Bitcoin Ownership is not Highly Concentrated – But Whales are Accumulating

“Since the beginning of 2020 the supply held by large entities (whales + humpbacks) has increased 13.4%, and their number by more than 27% to over 2,160 whale entities. See in particular the huge uprise in 2021 – this supports the current narrative that high net worth individuals and institutional investors have been entering the space. I believe this to be bullish for the future price of Bitcoin in the upcoming months.”

1 Like