Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Because of Bitcoin’s transparency on its network, it is possible to keep an eye on the metrics around wallets and to see what transactions are going on, or indeed, what wallets are holding. This is a useful tool to determine what, and how, Bitcoin is being used.
Data from multiple sources has now shown that there are a record high number of Bitcoin wallets that are holding 10 BTC or more, which at today's price, sees these wallets holding over $100,000 - a substantial amount.
According to BitInfoCharts’ Bitcoin Rich List, there are 157,210 addresses holding between 10 and 1,000,000 BTC. Of course, with that measurement, there are far fewer addresses holding figure at the top end of the measurement. In fact, there are only four addresses that are holding 100,000 to 1 million BTC in a single wallet.
The fact that so many wallets are holding this significant amount of money seems to point towards the designation of Bitcoin in people’s minds. Bitcoin has long been viewed as a potential store of value and determined to be digital gold.
With there being an increase in wallets holding significant amounts of coins, and thus value, this would indicate that a large chunk of the Bitcoin using population is happy to hold onto the asset in the view that it will continue to grow.
It could be assumed that if this number was decreasing, there would be more of a spending culture around the digital asset and thus it would be determined to be more of a currency than a digital gold.
The Bitcoin Rich List reveals that the holdings of the 10-100 BTC group — split between 140,940 unique addresses — are worth in excess of $46.1 billion. However, what is more telling is that while there are a lot less - 1,942 - addresses holding between 1,000 and 10,000 BTC each, the total value of their holdings is greater than $48.2 billion.
The top four addresses cumulatively hold a total of $5.35 billion, but those addresses are all traced back to centralized exchange wallet addresses, meaning that each reflects assets held in custody for tens of thousands of individual users.
The top holders of huge sums of Bitcoin are still relatively mysterious. There was news of a Bitcoin Whale shifting $1 billion worth of coins not too long ago, with speculation arising as to who, or what, it was.
Self-proclaimed Satoshi Nakamoto, Craig Wright, is due to pay $5 billion in Bitcoin, which means it could have been him moving coins around. That being said, it could also be the true creator of Bitcoin seeing his coins moved.
However, another option may be Tyler and Cameron Winklevoss, founders of the Gemini crypto exchange, who were the first outwardly known Bitcoin billionaires.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Bitcoin: Traders bet on sideways momentum for BTC as...
51 minutes ago | AMBCrypto
Ethereum Gas Fees Drop After Memecoin Craze Winds Down
1 hour ago | Zycrypto
Bitcoin Price Analysis: Will $BTC Price Sustain $25000 Under Current Market Sell-off?
1 hour ago | Coingape
Public Outrage Swells as Gensler´s SEC Policies Ignite Twitter Storm
1 hour ago | TheNewsCrypto
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)