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Ask HN: Who Owns The Bitcoin?

6 points by ToFab123 ↗ HN
According to Bloomberg: A few large holders "whales" [...] continue to own most Bitcoin. About 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency’s blockchain control 95% of the digital asset [...] A further breakdown shows that whales own 92.4% of the 2%, while crypto exchanges account for nearly 7% [...], while whales accounted for 92.3% of the biggest holders [...]

https://www.bloomberg.com/news/articles/2020-11-18/bitcoin-whales-ownership-concentration-is-rising-during-rally

Has it been identified who that is?

8 comments

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chovybizzass
roger ver is a billionaire i believe. he got in very early.

also the winklvoss twins bought 200,000 btc at $7.

modeless
Aren't the biggest addresses all cold storage for exchanges, funds, etc? Those coins are not owned by a single "whale", they belong to thousands of users and investors of the exchanges and funds. It is misleading to look at a single address and assume that a single person owns every coin in it.
kmichal456
Whoever owns 51% of mining nodes owns bitcoin.
ToFab123
Who does that?
g_p
People with access to low or zero cost surge electricity capacity, in areas near to where the ASICs can be manufactured, to minimise the lead-time between production and use. If you can get access to hydro electric energy, you can adapt your usage as needed, and effectively provide a service of switchable demand to the local generators.

They might even pay you to use the energy (negative pricing) if you made your load remotely switchable for them to control in real-time.

randomopining
I’ve read that the power to actually back process transactions is much greater than that.