2 days ago · Distribution of bitcoin wealth exactly mirrors that of global wealth. 25 million bitcoin owners. No lost bitcoins. A study published by Bambouclub on September 9, Nov 10, · But make no mistake: Bitcoin’s uniqueness goes far beyond the scope of technology. It is an unprecedented experiment in wealth distribution. In bull markets, the proverbial comparisons of Bitcoin and the likes of dial-up internet, or email in the s, are vast and plentiful. Shock horror: Bitcoin’s wealth distribution is outrageously uneven. The top percent of wallet addresses control 95 percent of the supply of bitcoin, according to statistics.
Wealth distribution of bitcoinTop Richest Bitcoin Addresses and Bitcoin distribution
In fact, Chainalysis estimates that potentially up to 3. This accounts for 20 percent of the current supply, and since many of the coins assumed lost were mined in large amounts in the early days, removing them from calculations on wealth inequality starts to make everything look more distributed.
Putting security concerns aside exchanges are goldmines for hackers , users can withdraw their coins any time they wish.
Trader Sasha Fleyshman points out that seven of the top ten most populated bitcoin wallets are owned by crypto exchanges, and that they contain around , bitcoins. On its own, this accounts for 4 percent of the supply of bitcoins, put together with the hundreds of other crypto exchanges and numbers shift again. One problem specific to this data is that it focuses on the percentages of addresses, i. This results in millions of empty addresses, or ones with barely a satoshi in them.
The statistics provided by BitInfoCharts is simply a tool for seeing which addresses own how much bitcoin. But, any one person can own a multitude of addresses, with varying supplies of bitcoin. This actually skews the data the other way, making it look more fairly distributed than it actually is. But regardless, it proves that this data—while useful for various reasons—is utterly misleading as a metric for measuring the real wealth distribution of bitcoin.
Trader Sasha Fleyshman points out that seven of the top ten most populated bitcoin wallets are owned by crypto exchanges, and that they contain around , bitcoins.
On its own, this accounts for 4 percent of the supply of bitcoins, put together with the hundreds of other crypto exchanges and numbers shift again. One problem specific to this data is that it focuses on the percentages of addresses, i. This results in millions of empty addresses, or ones with barely a satoshi in them.
The statistics provided by BitInfoCharts is simply a tool for seeing which addresses own how much bitcoin. But, any one person can own a multitude of addresses, with varying supplies of bitcoin.
This actually skews the data the other way, making it look more fairly distributed than it actually is. But regardless, it proves that this data—while useful for various reasons—is utterly misleading as a metric for measuring the real wealth distribution of bitcoin.
Warren Buffett stocks aren't known for being losers. While Tesla bulls are betting the stock's insane run will continue following a Democratic Senate sweep in Georgia, some Tesla option traders are dumping massive amounts of call options on Wednesday.
Why It's Important: Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades.
Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader. Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock. Unfortunately, stock traders often use the options market to hedge against their larger stock positions, and there's no surefire way to determine if an options trade is a standalone position or a hedge.
In this case, given the relatively large size of the largest Tesla option trades, there's certainly a possibility they could be an institutional hedge on a large position in Tesla stock. Tesla Investors Cashing In: Wednesday's big option trades come after Tesla reported a record , vehicle deliveries in the fourth quarter, up That number exceeded analyst estimates of , vehicles.
For the full year of , Tesla delivered , vehicles. Tesla had previously said it would "comfortably exceed" , vehicle deliveries in Tesla investors are hoping Democrats in control of the White House and Congress will provide a significant tailwind for clean energy stocks. Tesla bulls can't be upset about option traders cashing out on what could potentially be massive trading gains on these calls after Tesla's historic run.
Benzinga does not provide investment advice. All rights reserved. Senate seat in Georgia to Raphael Warnock, a defeat that -- coupled with an expected victory for Jon Ossoff -- will hand Democrats control of the upper chamber. The double blow cost more than bruised egos. For more articles like this, please visit us at bloomberg. The fears of what would happen from Democratic wins in Georgia's race failed to pan out, aside from tech taking a few hits. Here's what's happening instead and why.
Consolidation could soon be flying into the boardrooms of the major airlines as they look to survive the COVID pandemic. Top news and what to watch in the markets on Thursday, January 7, Bond yields and interest rates are expected to remain at a historical low for a while, and the next best way for investors to find income is the stock market, CNBC "Mad Money" host Jim Cramer said Tuesday.
According to the former hedge fund manager, it's still possible to get an income with a degree of safety in the current environment. Dividends are like rewards that companies pay for holding a stock. Fast-growing companies like Amazon. He put together a diversified portfolio of nine high-yielding dividend stocks that have a strong balance sheet.
Cramer thinks the stock is a good performer and is likely to go higher due to polyethylene's rising price. The company has a great pipeline of drugs and two blockbuster drugs that are "growing like crazy," as per Cramer. The company has a steady cash flow. They have a strong balance sheet and Cramer thinks the company will do well under the Biden administration as it will be difficult to acquire new wells, making the existing ones more valuable.
Verizon Communications Inc. Cramer called it a slow and steady grower. That along would be enough to boost spirits, but better yet, there is also a perception that the markets are going to drive higher in the new year. Their rock-bottom starting price makes pennies the logical place to look for huge returns on investment. Although their risk factor is high, even a small gain in absolute numbers will turn into a massive percentage gain in share price.
Top-line data from the study is expected in the second half of The company is engaged in the development of gene therapies for rare, frequently terminal, diseases, including neurometabolic disorders, primary immune deficiencies, and blood disorders. Among these candidates, Libmeldy OTL stands out. Libmeldy is in commercialization stages as a treatment for MLD metachromatic leukodystrophy , a rare, mutation-based genetic disorder of the nervous system.
Libmeldy, which is designed to treat children suffering from the infantile for juvenile forms of MLD by replacing the defective ARSA gene, received its approval for medical use in the EU in December They do. Only Buy ratings, 3, in fact, have been issued in the last three months. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
JPMorgan analysts see Bitcoin reaching 6, levels in the long term should private sector investments into the cryptocurrency match those in gold. Price Action: Bitcoin traded 5. BYD sold , units of battery-powered electric vehicles in Individual sales figures for December is currently not available.
It doubled its YoY growth clocking 43, unit sales in , with sales peaking at 7, units in December. Li Auto reported that deliveries in the fourth quarter were approximately 14, units, of which 6, units were delivered in December.
Total deliveries for crossed the 30, milestones in a mere 12 months since its launch on Dec. The entire stock market was transformed in by an investment trend that reallocated trillions of dollars, in this trend is only going to get even bigger.
Bloomberg -- Chinese tech companies did a pretty good job convincing global investors that they operated independently from the Communist Party.
Companies from Alibaba Group Holding Ltd. Covid has only served to strengthen his grip, fueling a war-like campaign to steer the economy back on track and snuff out perceived threats to national security. Authorities then forced his online finance titan to cap loans and devise a plan to hive off its most lucrative businesses.
The government also launched a probe into alleged anti-competitive practices at Alibaba. The billionaire has not been seen in public since November and his absence from the recent taping of an African TV program he created spurred speculation of his whereabouts.
The party would have to perceive significant threats to tear them down. Xi has previously defied threats of U. The U. Like Huawei, Ant has also asserted its independence from the Chinese government, saying in a application to the U. One way it does that is through the presence of party committees in companies, among them tech enterprises, that are made up of employees. In addition, it dispatches officials to companies to oversee certain activities.