๐ New: 30% of Bitcoin supplies are now in the hands of centralized entities! ๐
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๐ Gemini report reveals a shift:
According to the latest report from Gemini, centralized entities now hold over 30% of the total circulating supply of Bitcoin.
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๐ Huge institutional growth:
The report also shows that institutional holdings of Bitcoin have surged an astonishing 924% since 2015, highlighting the increasing adoption by major entities.
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๐ Importance:
This data indicates a growing concentration of Bitcoin in the hands of institutional players and regulated entities, which could impact market dynamics and enhance Bitcoin's legitimacy as a major investment asset.
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๐ค Does this increasing concentration in the hands of centralized entities pose a threat to Bitcoin's core decentralization, or is it a necessary development for widespread adoption?
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