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80% of Bitcoin controlled by the Few

August 14, 2019 12:08 pm

New York — The CEO of TruStory, Preethi Kasireddy, revealed new statistics about Bitcoin ownership yesterday. According to her research 2% of Bitcoin wallets control 80% of the total Bitcoin supply. Wealth distribution in Bitcoin is not a new area of concern. For years the concern has been raised that a small conglomerate of holder can exhibit control over the market.

It is important to remember that exchanges hold hundreds of thousands of Bitcoins in their own wallets, and wallets are created all the time yet go unfunded.