New Analysis Finds That Less Than 1% of BTC Addresses Control Nearly 87% of BTC's Supply

A deep analysis of Bitcoin (BTC) addresses conducted by China’s state-run financial news publication, National Business Daily (NBD), reveals that about 0.7% of BTC addresses currently control 86.9% of the flagship cryptocurrency’s circulating supply. Moreover, analysts used data from BTC.com to conclude that this tiny 0.7% of BTC addresses own roughly $62 billion worth of BTC. To…

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