The Bitcoin Whales:
1,000 people who own 40% of the market. (Bloomberg)
Large Bitcoin holders are called whales because their movements disturb the waters that the smaller fish swim in. Following the 80-20 rule (also known as Pareto principle), the top 20% of bitcoin holders have more than 80% of bitcoin value in US dollars. (Investopedia)
Learn more about finance terms at Investopedia
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2 Comments
Debi Willis · November 19, 2021 at 12:31 PM
I don’t understand bitcoin
Mercedes Jenouri · November 19, 2021 at 12:52 PM
Want me to send u some articles? I’m fascinated that a piece is software code has been called currency and it trades with the volatility of a horse con steroids. I’m more interested in DAO’s. We published a 4 piece explanation under Finance category.