Small and medium hodlers control 40% of the Bitcoin supply

Small and medium hodlers control 40% of the Bitcoin supply — data

CryptocurrencyFeb 03, 2021 12:20PM ET

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Small and medium hodlers control 40% of the Bitcoin supply — data

Bitcoin (BTC) ownership is becoming more decentralized every day, data shows, allaying fears that the supply is being controlled by an elite.

Data from Glassnode reproduced by statistician Willy Woo on Feb. 3 shows that the number of smaller Bitcoin holders and those holding coins on behalf of clients keeps growing.

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Small and medium hodlers control 40% of the Bitcoin supply — data

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