For those of us who started in the world of crypto currencies we come across many technical terms and it is a priority to understand everything about them that is why I publish this small article to understand more about the world of crypto currencies and we begin with this article about bitcoin and its much mentioned whales.
Excuse my English, I do my best.
In the crypto ecosystem, whales are said to contain a greater amount of Bitcoin, people or entities that in 11 years of cryptocurrency history have accumulated so much bitcoins that they have the power to move the market. But who are these people or who are these companies?
It would not be a surprise to learn that exchanges are the ones who own and accumulate the most BTC. 6.7% of current circulation (about $ 9.8 billion) is held in exchange wallets. What's a bit more interesting, however, is that despite the prolonged bear market, exchanges have continued to accumulate more BTC: eight exchanges, including Kraken, Bitstamp, and Binance, have steadily increased their BTC reserves over the past two years. .
This means that those who own the most Bitcoin continue to have faith in demand and increase their share regardless of market conditions. After the exchanges, those who accumulate the most bitcoin are:
>Satoshi Nakamoto
We do not know who the anonymous creator of Bitcoin is, but if there is anything certain is that he or she or the group behind the pseudonym, is the largest of all Bitcoin holders with one million BTC (4.76% of the 21 million coins that will ever be mined).
>The Winklevoss twins
Cameron and Tyler Winklevoss Winklevoss claimed in 2013 that they had 1% of all circulating supply of Bitcoin. However, it is extremely likely today that they have much more. As the owners of the Gemini exchange, they have also been steadily accumulating more BTC over the years.
>Barry Silbert
The "King of Cryptocurrencies" Barry Silbert is also the CEO and founder of Digital Currency Group. The company not only builds and supports crypto companies and blockchain specialists, but also owns some other important assets. Forbes magazine estimated Silbert's crypto net worth at between $ 400 and $ 500 million in 2018.
