19.4 million bitcoin addresses own more than $1 of Bitcoin.

[undertheradar47]

Bitcoin is spreading from the whales, to the people.

https://twitter.com/kerooke/status/1142224695514804224

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[mikelsmith2020]

It might be true, but what's their goal and sharing those $1 to different addresses? probably their it's their own address isn't? but if the owner are just 1 person probably he's really into something probably hiding its identity and for him not to easily be tracked, because we can't say that he wants to share $1 worth of bitcoin to random addresses right?

[mk4]

It might be true, but what's their goal and sharing those $1 to different addresses? probably their it's their own address isn't? but if the owner are just 1 person probably he's really into something probably hiding its identity and for him not to easily be tracked, because we can't say that he wants to share $1 worth of bitcoin to random addresses right?

Lol. "Bitcoin is spreading from the whales, to the people." meant that bitcoin is being distributed to the people because of them buying, not that the "whales" are literally spreading out the funds by giving them out to different addresses.

[ralle14]

It might be true, but what's their goal and sharing those $1 to different addresses? probably their it's their own address isn't? but if the owner are just 1 person probably he's really into something probably hiding its identity and for him not to easily be tracked, because we can't say that he wants to share $1 worth of bitcoin to random addresses right?

It doesn't sound reasonable to do so because spreading most of their Bitcoins to different address would just cost them more since there would be more inputs. There's a better way to do it(imo) than to spread it on several addresses. Whales could also be the exchanges or bitcoin casinos since a lot of them hold thousands of Bitcoin.

[pooya87]

not exactly. you see bitcoin price has been rising forever! so for example someone who started early and invested $100 owns a lot more bitcoin than someone who started recently and invested $100. the first one has something like 10 bitcoin and the second one has 0.01 bitcoin. so when the spikes came you thought those with larger amounts were whales whereas they were just early adopters. but as time passed and people continued coming in, the number of those with 0.01 bitcoin grew so you thought "distribution" is happening whereas it is just adoption increasing.
in a year or two you will again consider these people with 0.01 bitcoin "whales"! and same story will repeat.

[fiulpro]

Doesn't work that way unfortunately.

There are two things :-
 
   Coherence
    Scope

There all address is to make a whale and a actual change in price might need both of these things. Even if 10 years from now that 1 million becomes *100 still at that time even the whales owning the Bitcoin will increase in the price.

Therefore it will be the same as right now, it is considering people won't sell and exchange for other Alts, which is not practically possible.