Erratum: these numbers refer to addresses instead of entities. Here is the chart from the article, entities is the green line (HT @n3ocortex):pic.twitter.com/MGbvNiaQ41
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Estimated number of entities holding BTC: 2013: 1M 2014: 2.5M 2015: 4M 2016: 6M 2017: 13M 2018: 27M 2019: 23M 2020: 28M Source: https://medium.com/glassnode-insights/how-many-entities-hold-bitcoin-e945ecc5d0a1 … Below an estimate of the wealth distribution among entities:pic.twitter.com/wu7Q1Atrfk
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< 2,000 entities with > 1,000 BTC? that doesn't sound right to me.
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500 entities holding 1,000 BTC each at Xapo wouldn't be counted in that number. It's about on-chain clusters.
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What is an entity? I’d never hold 100.000 BTC in 1 wallet, so how can these be counted?
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On-chain clusters. So if you bought 10 BTC on Bitfinex and you kept them there, yours would not be counted as an "entity".
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This data seems suspect. All of those tiny addresses are likely controlled by fewer “entities” than the chart suggests
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That's why this is an upper bound – there are at most that many entities. But even if some tiny addresses are not clustered together, there are entities who only hold funds on exchanges (which are not counted using this methodology), cancelling those missing clusters out.
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Really? Zero growth in 2 years? Seems suspect.
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It's likely due to the surge in tragic boating accidents.
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I am an entity.
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Čini se da učitavanje traje već neko vrijeme.
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