Bitcoin ownership distribution break down

[Maslate]

Current supply: 19,747,143 BTC

Of which 18,321,811 BTC corresponds to 92.78% of supply is held in 1.87% of wallets.

If this data is accurate, the volatility in the market will always be there since it’s easy for big holders to manipulate things. With only a few coins left to be mined, the impact might be less significant, which is probably why the last halving didn’t pump the market as much as previous ones. Back then, even altcoins were hitting ATH.

If this kind of data continues, with control still in the hands of a few, will we still see massive adoption? Or could it happen more with altcoins rather than Bitcoin? What do you think?

[MeGold666]

the story was real

He never proved he owned any Bitcoin, the story is an elaborated scam for fame - seen this schemes way too many times.

Current supply: 19,747,143 BTC

Of which 18,321,811 BTC corresponds to 92.78% of supply is held in 1.87% of wallets.

If this data is accurate, the volatility in the market will always be there since it’s easy for big holders to manipulate things. With only a few coins left to be mined, the impact might be less significant, which is probably why the last halving didn’t pump the market as much as previous ones. Back then, even altcoins were hitting ATH.

If this kind of data continues, with control still in the hands of a few, will we still see massive adoption? Or could it happen more with altcoins rather than Bitcoin? What do you think?

Bitcoin adoption has already happened, it won't go any further because it's stuck in the "Digital Real-Estate" thingy instead of updating it's protocol to meet the demands for Digital Cash which has much higher demand.

Actually, Bitcoin adoption has been dropping for years now due to it's scalability issues, it was the reason why Steam and some other big platforms ditched it.

Investors are being lied to but the market speaks the truth and anyone can see for them self which project is the true king when it comes to adoption.

Bitcoin is not "Digital Gold", Bitcoin is an old house that needs a lot of repairs.

[Maslate]

Current supply: 19,747,143 BTC

Of which 18,321,811 BTC corresponds to 92.78% of supply is held in 1.87% of wallets.

If this data is accurate, the volatility in the market will always be there since it’s easy for big holders to manipulate things. With only a few coins left to be mined, the impact might be less significant, which is probably why the last halving didn’t pump the market as much as previous ones. Back then, even altcoins were hitting ATH.

If this kind of data continues, with control still in the hands of a few, will we still see massive adoption? Or could it happen more with altcoins rather than Bitcoin? What do you think?

Bitcoin adoption has already happened, it won't go any further because it's stuck in the "Digital Real-Estate" thingy instead of updating it's protocol to meet the demands for Digital Cash which has much higher demand.

Sad but true, we've achieved some level of adoption but the dream of massive adoption isn't quite there yet. I mean, the kind of massive adoption where Bitcoin is accepted everywhere and used in our daily lives, like that.

Actually, Bitcoin adoption has been dropping for years now due to it's scalability issues, it was the reason why Steam and some other big platforms ditched it.

Investors are being lied to but the market speaks the truth and anyone can see for them self which project is the true king when it comes to adoption.

Bitcoin is not "Digital Gold", Bitcoin is an old house that needs a lot of repairs.

If there's some proof, like a figure or a comparison from past years to now, that’d really help to convince us. Honestly, I’m not sure if it’s really dropping—just my gut feeling isn’t enough. I need facts to agree with you that this is really happening.

edit : @MeGold666 thanks you putting effort showing some proof, that's certainly worth a read.

One more thing... do not quote images, you are unnecessarily spamming the conversation.

yes sir.

[icalical]

It’s important to look beyond just static visuals when talking about Bitcoin distribution, especially since ownership is constantly changing due to market movements. Recent data suggests a real distribution, not accumulation, even by the big holders-let's call them whales. Namely, 10,000 BTC-plus holders that have been divesting themselves uninterruptedly since late 2023. The situation is not different when considering retail participants. More Bitcoins have been sold recently than held. That would go against the idea that Bitcoin holders just sit on the asset forever; ownership dynamics are rather fluid.

Besides this, with only approximately 6.6% of the total supply outstanding in the market to be mined, a pretty sizeable portion of the already minted supply is unreachable, with estimations that as high as up to 29% of all Bitcoin may be lost due to forgotten keys or otherwise. This factoring in of losses impacts the circulating supply and indirectly makes Bitcoin scarcer and over time more valuable. Ownership does seem to change hands quite often; however, scarcity always seems to play the most essential role within the marketplace.

[MeGold666]

If there's some proof, like a figure or a comparison from past years to now, that’d really help to convince us. Honestly, I’m not sure if it’s really dropping—just my gut feeling isn’t enough. I need facts to agree with you that this is really happening.

I like how you speak for everyone else, when it's really only you and few other villagers that don't see it (or don't want to see it).

Steam announcement: https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613
Fees are unacceptable and it's too slow.

Bitcoin is being replaced in everyday use by Monero because it's more scalable, examples:

https://x.com/shopinbit/status/1811651225005195471
https://x.com/CoinCards/status/1809702144288882870

Bitcoin has been completely replaced on all big DNM's by Monero and the reason was not only privacy (they know how to handle Bitcoin privately) but again the scalability issues.

For the last 6 months Bitcoin is going down:

https://www.tradingview.com/symbols/BTCUSD/
https://www.tradingview.com/symbols/XMRUSD/

It's market dominance has dropped to 55%: https://coin360.com/

The LN savior that suppose to help Bitcoin in scalability is dropping dead due to having it's own scalability problems (not that it's being used):

https://bitcoinvisuals.com/lightning

Bitcoin can't even handle proper L2 solution as it's too congested (proven recently with LN failing at higher Bitcoin usage) so there's really no hope for it ever happening, unless Bitcoin protocol gets a major overhaul which I doubt ever happens.

The solution to all this Bitcoin problems is simple, just use Monero - and this is what people are doing.
Once you go Monero you never go back, there's no reason. Monero is more stable due to real world usage, not being only a speculation vehicle so it's a better store of value.

Scalability is the reason people are switching, not privacy (but it's a nice bonus to have).
If you disagree with any of this, you are not disagreeing with me but with the reality.  

I really don't see any future for Bitcoin.

One more thing... do not quote images, you are unnecessarily spamming the conversation.
@Edit: You're welcome my friend.