Do you think bitcoins are decentralized?
That's because you haven't seen this list.
Latest data revealed:
Top 20 bitcoin holders
Controlled over 2 million bitcoins
About 10% of the total supply
You read that right, 10% is held by a very small number of people
Ranked first
Still the legend that 'lives in the code':
Satoshi Nakamoto, estimated to hold about 1.1 million bitcoins
Hasn't moved a single one in over ten years, becoming the largest unexploded time bomb on the network
Ranked second
The most 'hardcore' buyers:
MicroStrategy & Saylor
Cumulatively holding over 190,000 bitcoins, obsessed with only mainstream coins, not cash
Other listed individuals include:
▸ Winklevoss twins: 150,000
▸ 'Bitcoin Father' Draper: 120,000
▸ Binance former CEO CZ: 70,000
▸ Tesla and X Labs: 43,000
▸ Coinbase founder: 60,000
▸ Bitcoin veteran Wu Jihan, Jack Dorsey also on the list
A chart to understand:
Behind these whales,
Including venture capital, tech giants, exchange leaders...
Superficially decentralized, but highly concentrated behind the scenes
Here comes the question:
As mainstream adoption is accelerating,
Is power also being 'secretly absorbed'?
Do you think this is a gathering of beliefs,
Or a betrayal of the decentralized idea?
Feel free to discuss your thoughts in the comments section.
