Bitcoin has had a phenomenal start to 2021, topping $40,000 per bitcoin for the first time ever.
The bitcoin price has added a staggering 400% over the last 12 months, climbing as institutional investors warm to the cryptocurrency and payments giants such as PayPal add their support.
Now, with retail investors increasingly eyeing bitcoin in light of its recent gains, new research shows how bitcoin "whales" accumulated a huge number of bitcoin tokens in December, helping the bitcoin price to never-before-seen highs.
https://www.forbes.com/sites/billybambrough/2021/01/08/is-this-whats-really-behind-the-huge-2021-bitcoin-price-boom/So, according to a Kraken report, not only did the aggregate number of bitcoin in whale addresses hit its highest level all year, 11.46 million bitcoin, but addresses with a balance of more than 100 bitcoin surpassed 16,300, a reading last seen on March 16, 2020.
Interesting.
It is funny to see that now a "whale" is:
"Bitcoin 'whales,' addresses with more than 100 bitcoin."Over the long term bitcoin will do more for the pseudo-science of economics than has been done for economics ever. The ability to track transactions, supply and demand, will provide ample ground for analysis. Of course hopefully taproot and other improvements will provide additional privacy protections.