The New York blockchain start-up Chainalysis in the bitcoin-purse study concluded that a group of 1,600 addresses control a third of all coins on the market for $ 37.5 billion. In April 2018, Chainalysis determined that there are only 1600 wallets containing more than 1,000 BTC. Together, these anonymous addresses hold almost 5 million coins, which is the third part of the entire bitcoin market, without taking into account inactive purses, which in some cases are considered irretrievably lost (from 2.3 million BTC to 3.7 million BTC). So, only 100 addresses contain from 10 000 BTC to 100 000 BTC.
“This concentration of wealth means that bitcoin is at risk of volatility, because the actions of a small group of users can significantly affect the price,” said Philip Gradval, chief economist at Chainalysis.
Moreover, analysts came to the conclusion that long-term bitcoin investors, known as brokers, sold the first crypto currency for $ 30 billion in the period from December 2017 to April 2018. Thus, of 600 addresses, 600 bitcoins are classified as speculators.
Thus, in the hands of long-term investors with more than a year owning a certain number of bitcoins, there are 7.4 million BTC (1.5 million BTC of this category are on inactive purses), and under the control of short-term speculators – 5.1 million BTC.
It is noteworthy that in November 2017 the assets of the choppers exceeded the similar figures of speculators by three times, and as of April the number of bitcoins available for trade increased by 57%, which, according to the startup experts, had a negative effect on the rate of the first crypto currency.
“There has been an impressive redistribution of wealth, but the conditions necessary for the recurrence of such a phenomenon are unlikely to appear in the near future,” Gradwell added.