Quick Take

The landscape of Bitcoin holders is reflecting a notable shift towards decentralization, as evidenced by the latest data analysis. Nearly a fifth of the circulating Bitcoin supply is in the possession of investors who own 10 BTC or less, indicating a broadening in the distribution of this digital asset. The growing adoption rate is a substantial factor in this trend.

An in-depth examination of the proportions held by smaller investors reveals a fascinating pattern. Those holding between 1 and 10 Bitcoin account for 11% of the circulating supply. Those in possession of 0.1 hold a further 5.4% to 1 Bitcoin. Surprisingly, even the smallest investors, those with 0.1 Bitcoin or less, make up approximately 1.5% of the supply.

This trend signifies a democratization in the world of cryptocurrency, with a greater number of smaller investors entering the market. This could lead to a more balanced distribution of wealth within the Bitcoin ecosystem, and potentially increase Bitcoin’s stability as a result.

Supply Distribution: (Source: Glassnode)

The post Bitcoin wealth distribution leans toward decentralization as small investors take the lead appeared first on Crypto News Australia.

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Filed under: Bitcoin - @ August 29, 2023 4:13 am