Who holds the majority of Bitcoin in circulation?

3 answers

• Apr 14, 2022 · 3 years ago
  The majority of Bitcoin in circulation is held by individual investors and traders. These are people who have bought Bitcoin either as an investment or for trading purposes. Some of these holders are long-term investors who believe in the potential of Bitcoin as a store of value or a hedge against traditional financial systems. Others are active traders who take advantage of the price volatility to make short-term profits. Overall, it is the collective actions of these individual holders that determine the majority of Bitcoin in circulation.
  547274
• Apr 14, 2022 · 3 years ago
  The majority of Bitcoin in circulation is held by whales, which are individuals or entities that own a significant amount of Bitcoin. These whales can influence the market by buying or selling large amounts of Bitcoin, which can cause price fluctuations. Some whales are early adopters or institutional investors who have accumulated Bitcoin over time. Others may be miners who have earned a substantial amount of Bitcoin through the mining process. Regardless of their origins, these whales play a crucial role in the Bitcoin ecosystem.
  537179
• Apr 14, 2022 · 3 years ago
  According to a recent study, it was found that the majority of Bitcoin in circulation is held by exchanges. These exchanges act as custodians for their users' Bitcoin holdings and hold a significant amount of Bitcoin in their wallets. This is because exchanges facilitate the buying and selling of Bitcoin and provide a platform for users to store their Bitcoin securely. However, it's important to note that not all exchanges hold the same amount of Bitcoin, and some exchanges may have more Bitcoin in their wallets than others. It's also worth mentioning that exchanges are regulated entities and are subject to various security measures to protect their users' funds.
  671168