Of the 19 million Bitcoins currently in circulation, 27% are held by just 0.01% of wallets.
This is what a study by the National Bureau of Economic Research cited by Phonandroid reveals.
In total, this represents at the current price of this cryptocurrency 232 billion dollars, or about 205.5 billion euros.
“Despite its fourteen years of existence and the hype it has generated, it is still a very concentrated ecosystem,” analyzes Antoinette Schoar, professor of finance at the MIT Sloan School of Management and co-author of the study.
The other author of this report is Igor Makarov of the London School of Economics.
Centralization of currency
The concentration of bitcoins is close to that of global wealth.
Indeed, in the United States the richest 1% of individuals control about a third of the total wealth of the country, 27% for bitcoin.
This study undermines the arguments of the defenders of this cryptocurrency who praise in particular its decentralized aspect, supposed to be in opposition to centralized power.
But it is clear that this is not the case.
The 0.01% who hold 27% of the currency in circulation are the ones who will pocket most of the bitcoin-related gains in the years to come.
Unless the price collapses and this small group nicknamed the “Whales” or “Whales” in French loses all of their fortune ...
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