Miners control Bitcoin? 🐳
It's well known that the majority of computing power for BTC mining is concentrated among large industrial miners. However, they are not the largest holders of this cryptocurrency.
🔸 57% of BTC's total supply is currently owned by individual holders.
🔸 17.6% of BTC has been permanently lost and is no longer in circulation.
🔸 Satoshi's wallet holds 5.2% of BTC.
🔸 Bitcoin ETFs own only 3.9% of the BTC supply, despite their potential impact on price movements.
🔸 Miners control just 3.4% of BTC as they consistently sell BTC to expand their mining operations.
As a result, the majority of BTC is held by regular cryptocurrency enthusiasts 🤝
DYOR / NFA
