More Whales Are Holding Their Bitcoin.

in Project HOPE4 years ago

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According to one of the latest data from Glassnode, the percentage of supply owned by entities holding 10 BTC or more has grown from 5.1% to 13.8% since June 2015.

Glassnode noted further that just this year alone the number of whales with at least 1,000BTC has increased to 1,882 from around 1,650 this January.

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“The mean Bitcoin balance held by each whale is actually decreasing slightly. In other words, individual whales are not, on average, getting richer - but there are more of them.”

There is a gradual transfer of wealth from some of Bitcoin’s early adopters – the said adopters used to possess large amounts of Bitcoin, now the direction is that the said amount of Bitcoin is shifted to retail investors.

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This is actually good news for us, more people holding large amounts of Bitcoin less subject to price manipulation. More stability to the market, more realized profits to the consumers. On the road to mass adoption!

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The more articles I read and the more charts I look at... the more amazed I get!
There is no space for a single doubt that we are going to see a huge pump!!

I like your positivity on Bitcoin.

Enjoy your Bitcoin..... cheers!

I think many people or should I say whale rather are beginning to see the bright side of Bitcoin ahead. Which is a good news to Bitcoin holder and the crypto world generally

Good news indeed. :)

Very important news for people who have quantities of Bitcoin and are subject to price manipulation as there is more stability in the markets at the time of wanting to make use of it. Thank you for sharing your article.

My pleasure... I am glad that you like it.