A new research report has shed light on the ownership landscape of Bitcoin (CRYPTO: BTC), revealing that a substantial majority of Bitcoin holders are small investors, with approximately 74% of Bitcoin addresses holding less than 0.01 BTC.
The study, by Grayscale Research, titled "Demystifying Bitcoin's Ownership Landscape," shows that approximately 74% of Bitcoin addresses contain holdings of less than 0.01 BTC, roughly equating to $350 as of Nov. 6, 2023.
This widespread distribution of Bitcoin is a stark contrast to other high-risk, high-return assets typically reserved for accredited investors.
Bitcoin’s accessibility to a global retail audience has led to a decentralized and open-source pattern in its ownership structure.
Key Findings On Large Bitcoin Holders:
Interestingly, ...