It was supposed that Bitcoin would save us from centralization. A third is already in the hands of a few big players
Bitcoin1
The cryptocurrency has gained a lot of institutional and business interest in recent years, "betraying" its decentralized spirit
The Bitcoin "whales" are getting bigger. This is indicated by a recent study by Gemini and Glassnode, which discusses the large "centralized treasuries of Bitcoin," which now control 30.9% of the Bitcoins currently in circulation. The figure is striking, but it is not entirely conclusive, and the decentralization of the cryptocurrency remains high.
216 calves. In 2021, we talked about how the 10,000 most important Bitcoin investors controlled more than a third of all cryptocurrencies in circulation. They were the big whales of the market, people or entities that had accumulated enormous amounts of cryptocurrencies. That concentration was already concerning, but now it is even more so: according to the data from the aforementioned study, there are now 216 large centralized entities that control a third of all Bitcoins in circulation.
