Top 0.01% of Bitcoin holders control nearly a THIRD of the dig | 🛡Crypto Avengers Announcements

Top 0.01% of Bitcoin holders control nearly a THIRD of the digital currency worth $232 billion

An estimated 114 million individuals hold Bitcoin worldwide, but nearly a third of the value is concentrated in 0.01 percent of accounts, the study found.

They authors found that major Bitcoin exchanges explain 75 percent of real Bitcoin transaction volume, and that Bitcoin mining capacity is 'highly concentrated.

'Our results suggest that despite the significant attention that Bitcoin has received over the last few years, the Bitcoin eco-system is still dominated by large and concentrated players, be it large miners, Bitcoin holders or exchanges,' the authors wrote.

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