According to one of the latest data from Glassnode, the percentage of supply owned by entities holding 10 BTC or more has grown from 5.1% to 13.8% since June 2015.
Glassnode noted further that just this year alone the number of whales with at least 1,000BTC has increased to 1,882 from around 1,650 this January.
“The mean Bitcoin balance held by each whale is actually decreasing slightly. In other words, individual whales are not, on average, getting richer - but there are more of them.”
There is a gradual transfer of wealth from some of Bitcoin’s early adopters – the said adopters used to possess large amounts of Bitcoin, now the direction is that the said amount of Bitcoin is shifted to retail investors.
This is actually good news for us, more people holding large amounts of Bitcoin less subject to price manipulation. More stability to the market, more realized profits to the consumers. On the road to mass adoption!
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