90% of bitcoin is owned by 2% of user base

[NotATether]

Even if 90% of Bitcoin really is owned by 2% of the addresses, I wouldn't like a even distribution (may I say communist) approach to dividing the coins among everyone. First of all, that would wreck the scarcity of Bitcoin and cause the prices to tumble to almost zero. Second, who are we to challenge a person for owning a lot of Bitcoin? There is nothing wrong with that. Satoshi himself owns more than 1/7th of the entire bitcoin supply, or so I heard.

[Gayong88]

Price discovery is impossible with the whales controlling 90% of all bitcoins minted.  The original intent of bitcoin as a neutral asset disappeared long ago. Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.  

I think, the main issue here is, who really controls Bitcoin? Despite the huge gap between how much wealth the top two wallet holders have compared to everyone else, they still own more than 90% of Bitcoins collectively. This gives a certain group of individuals unprecedented power over the entire network.

[KennyR]

Even if 90% of Bitcoin really is owned by 2% of the addresses, I wouldn't like a even distribution (may I say communist) approach to dividing the coins among everyone. First of all, that would wreck the scarcity of Bitcoin and cause the prices to tumble to almost zero. Second, who are we to challenge a person for owning a lot of Bitcoin? There is nothing wrong with that. Satoshi himself owns more than 1/7th of the entire bitcoin supply, or so I heard.

Even with such a kind of holding the market haven't gone into the control of a group of Whales. This is the real potential of the technology. To some extent the whales have got the ability to manipulate the market, beyond that it is the 2% that have the ability to keep everything working par without any difference for the Whales and the rest of the holders. Anyhow there is no clear data to mention the Whales and common users in the market.

[famososMuertos]

Another matrix of opinion generated from half-truths that periodically wanders looking for answers or attracting distraction, the data it provides is wrong, but perhaps it is its priority idea to avoid the objective reality by publishing its "out of context".

On the other hand, there is always a kind of crybabys wandering around the idea that an important part of bitcoin is concentrated in a small number of users, it is somewhat true, no problem, they came first, it happens with any asset, the confidence of the initial investors has its benefits, anyway at present day, buy!, you do not look in the rearview mirror at those who have more or those who have less, buy! or hodl! that is, this is corresponds make today to you for your economic capacity and confidence, is easy understand.

[justdimin]

How is it possible to calculate how many bitcoins a single person owns?

I think this isn't totally accurate. 90% is just too much and I don't think even the whales themselves can have so much bitcoin. There are still unmined btc left and also many people are hodling their btc tight. They won't let the whales get them no matter how hard they manipulate this market.

Price discovery is impossible with the whales controlling 90% of all bitcoins minted.  The original intent of bitcoin as a neutral asset disappeared long ago.  Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.  

Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels.  Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.

Indeed. It's hard to predict the value of a coin when someone is manipulating it but like some users said on this thread, whales do have some contributions somehow. It's also possible to survive, I mean we can still be able to profit but only those who can panic are newbies that don't take time to do a research. There are environmentalist who are against btc saying it's not friendly to the environment so the use of renewable energy for btc is being pushed. This is a good thing actually.

[Artem Sereda]

It would be nice if you share the source where did you find only 2% of a circulation controlled by normal users and 90% controlled by whales? I haven't seen such news anywhere. So I am curious to know more. Don't forget Bitcoin is a truly decentralized cryptocurrency. Anyone can accumulate whatever they want by availability. Not a centralized that can mint whatever they want. Regarding loss and profits, it's a highly volatile cryptocurrency, so people take advantage. Nothing wrong with that.

It may have meant that 90% of the changes were caused by whales, and the remaining 2% by ordinary users.

And yes, bitcoin is valuable for the majority because its instability allows many holders to make a profit.

[seoincorporation]

2% of user base...

In 2021 the estimations says there are 106,000,000 people who own Bitcoins, so the 2% of that is 212,000 users. who have 90% of the coins, it doesn't looks like something weird because the early investors still holding high amounts.


Source: https://buybitcoinworldwide.com/how-many-bitcoin-users/

[Vaskiy]

2% of user base...

In 2021 the estimations says there are 106,000,000 people who own Bitcoins, so the 2% of that is 212,000 users. who have 90% of the coins, it doesn't looks like something weird because the early investors still holding high amounts.


Source: https://buybitcoinworldwide.com/how-many-bitcoin-users/

There's nothing to get astonished or worried, because similar is the scenario with every form of investment. Maybe it can be stocks, forex, real estate, etc. A small difference 2± can be found. This is much about the money holding. Early adopters have a good volume and same is with the late jumpers who had good money backing to invest.