A Bitcoin whale is a person who owns a significant amount of Bitcoin. Whales collected considerable portions of Bitcoin by mining or buying the asset when it was still inexpensive.

Scarcity is a significant feature of Bitcoin, with a maximum boundary of 21 million coins that may be mined. With a restricted supply and a limited number of the largest Bitcoin holders, these whales can influence the demand and create price trends.

Some of the biggest holders of Bitcoin are individuals like Satoshi and Draper, while others are institutes like MicroStrategy and Tesla. The present Bitcoin rich list provides the top 10 Bitcoin whales who are the wealthiest individuals in crypto. 

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Filed under: News - @ January 1, 1970 12:00 am