The Pareto Principle Hits Bitcoin – 96% of Bitcoin Held by 4% of Addresses – Bitcoints

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Published on September 20th, 2017 | by bitcoin

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The Pareto Principle Hits Bitcoin – 96% of Bitcoin Held by 4% of Addresses

Last week, China decided to close its bitcoin exchanges, which caused investors around the world to panic about the currency’s long-term viability.
Our graph represents the entire bitcoin market, which has a value of around $60 billion.
We then divided the value of the bitcoin market by address.
An obvious example would be a bitcoin exchange or wallet, which hold the currency for a lot of different people.
And if you aren’t at the right digital address (think your home network’s IP address), then you can’t receive bitcoin.

Source: Howmuch.net



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