How Decentralized Is Bitcoin?

Curious about how much Bitcoin ($BTC.X) exists and who it’s owned by? We may know some identities tied to BTC addresses, but most are unknown.

But we can track how much exists and how much is in a wallet. 

There is only 21 million Bitcoin that will ever exist. 19.22 million have already been mined. 

15.85 million Bitcoin are in wallets with ten or more Bitcoin.

The top 1% of Bitcoin addresses hold 17.23 million BTC – 89% of the total mined supply. 

Messari

The top 10% of Bitcoin addresses hold 18.96 million BTC – 98.6% of the total mined supply.

Messari

152,794 wallets have ten or more BTC.

Only 113 wallets have greater than 10,000 BTC.

Messari

Probably not the decentralization Satoshi was looking for.

Learn More About...

More in   Crypto

View All

February Was Amazing

Historically, $BTC usually closes in the green in February. 2024’s Feb close brings the score to eleven bullish closes vs. three bearish closes since 2011. 👍

However, despite the high number of bullish closes for February, its average performance is very ‘meh.’ But not this year.

Read It

You Lucky SOBs

This is such a typical memecoin story (and they pop up quite a bit during bull runs), and this one involved Dogwifhat ($WIF). 🐶

Some dood turned $1,750 into $11.2 million. He bought 5.1 million WIF in November and then spent who knows how many sleepless nights this month figuring out how to cash out on his lottery ticket. 

Read It

Bitcoin Hits New All-Time High Then Someone Punched It In The Face

I’m a crypto fanatic. I am constantly observing and looking at what’s going on, and like many of you, the past couple of days, I’ve been glued to my screen or phone waiting for the news when Bitcoin hit a new all-time high. 👀

And now I need your help. Because I need someone to figure out the odds of someone like me, MISSING THE GODDAMN EVENT BECAUSE OF A DR’S APPOINTMENT.

Read It

One Way To Use Stocktwits’ Social Data Tools

Have you ever heard the phrase ‘volume precedes price’? It’s an old-school technical analysis 101 maxim. For example, if an instrument is in a downtrend but then you start to see volume tick up, the theory is that price will follow the volume. 🧑‍🎓

It’s what technical analysts call a leading indicator—a heads-up or a warning that the probability of change is high and that it might happen soon. Analysts and traders might apply that principle (volume precedes price) to the Stocktwits Social Data. 

Read It