They were here from the early days: 5 large Bitcoins investors that might surprise you

Analytics figured out that 20% of all Bitcoins are stored in the wallets of only 0,01% of crypto investors. Meanwhile, crypto enthusiast Paulo A. Jose conducted his own research and determined that five big investors that you might not even have thought about control large chunks of all Bitcoin supply. Sounds like some conspiracy theory. Let’s get to the bottom of this. 

HODL doesn’t work!

According to the author, the HODL strategy doesn’t work for ordinary people. And if you had wanted to purchase coins earlier, like in 2013, you wouldn’t have been allowed to do so. This, Paulo A. Jose is sure, is a “painful truth” and “many don’t want to believe or accept it.” And this is what happens!

 

• of the 19 million Bitcoins that are in circulation, 95.89% of BTC wallets control 3.47%;
• 4.11% of wallets control 96.53% of all Bitcoins in circulation.
• of the 7.9 billion in the world, 106 million people use cryptocurrencies.
• of the 106 million, less than 100 people control 90% of all Bitcoin in circulation.

That’s why, according to the author, it is almost impossible to get rich with Bitcoin. Here is in whose hands quite a lot of Bitcoins are stored and who manages the party.

Bulgaria

WTF you will say, but yes, you read that right. Bulgaria owns more than 213,000 BTC. Those Bitcoins are enough to pay a large part of its national debt.

So far, the Bulgarian tax authorities have dealt with the coins. We don’t know of any efforts to sell Bitcoins on the market.

Tim Draper

Um, who? 

Tim Draper, the venture capitalist and Draper University founder, has been sitting on a “gold mine” since buying tens of thousands of BTC from the US government in 2014. 

At that time, he bought 29,656 bitcoins seized by US Marshals from the Silk Road black market for $18.7 million, or just $632 per coin. Lucky guy!

Satoshi Nakamoto

According to the research, the author of the Bitcoin White Paper one of the most groundbreaking works of computer science since the internet, which lays the foundations of electronic peer-to-peer cash and its underlying blockchain technology may own almost a million bitcoins. 

At the current exchange rate, it is $24.1 billion! This amount would make him one of the wealthiest people in the world. 

Paulo A. Jose thinks that Nakamoto will ever put his coins on the market cannot be assumed. But if that were to happen, it would trigger fatal signaling effects and an unprecedented price drop. We don’t want that, do we?

Gavin Andresen

He was the lead Bitcoin developer and was picked by Satoshi Nakamoto himself to take charge of the BTC project when he shoes to “disappear.” Some people think that Gavin is Satoshi. 

How many coins the lead developer owns is not known. We can only tell that since the Bitcoin Foundation’s early days, it has been customary to pay employees and collaborators in BTC. So, we can’t even imagine how much he owns.

The Winklevoss twins

The American twin brothers Cameron and Taylor Winklevoss were the world’s first billionaires who made a fortune in bitcoins. After graduating from Harvard in 2004, they worked on their social media platform ConnectU. 

After the trial with Zuckerberg, they got a $65 million severance payment. Little by little, they invested in BTC. And now, according to the Bloomberg Billionaire Index, they have a combined fortune of $6.4 billion. And still one of the largest BTC hodlers, reportedly buying about 1% of all in existence around 2012.