The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World
(www.expensivity.com)
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1% owns 90% of Bitcoin is an exaggeration.
Sauce:
No, Bitcoin Ownership is not Highly Concentrated – But Whales are Accumulating
https://insights.glassnode.com/bitcoin-supply-distribution/
Bitcoin is better distributed than fiat
That's a complete lie. I am a huge crypto advocate but BTC is more centralized than USD by a significant margin.
Sauce?
https://www.cbsnews.com/news/bitcoin-cryptocurrency-wealth-one-percent/
"Those top players represent a mere 0.01% of all bitcoin holders and yet they control 27% of the digital currency, the Wall Street Journal reported. That compares to the old-fashion dollar, where the top 1% controlled 30% of total U.S. household wealth, according to Federal Reserve data."
I know it's CBS, but you can confirm this for youself. Extremely centralized currency. Here is another one.
https://www.digitaltrends.com/computing/who-owns-all-the-bitcoin/
That's a complete lie, tell me any way I can use dollars without middleman, because with crypto I sure can tell the middleman to fuck off and still have full access to all the features you'd expect from digital money.
I am talking about in terms of how many people hold what percent of bitcoin. Fewer people hold a larger amount of BTC than USD. That is what I meant by centralization. BTC is a whale's game.
We're talking about two different things.
That article talks about accounts. Not populations. Huiuge distinction.