Less than 1% of Bitcoin ‘Hodlers’ Control 35.4% of the Network

[kreslik.news]

The words ‘Bitcoin’ and ‘decentralized’ are never too far away from one another. After all, decentralization is at the heart of what Bitcoin was designed to be: a currency that existed free of the controls of a government or financial institution. However, information published by BitInfoCharts has revealed that the Bitcoin network is much more centralized than most of us would like to believe.

BitInfoCharts found that of the 11 million Bitcoin holders in the world, only 1,000 of them (approximately 0.009%) control 35.4 percent of all of the BTC in circulation. Of those 1,000, the top ten ... (read more)