As more and more people participate in the BTC game, the price of Bitcoin will only continue to rise! The holding situation of Bitcoin:
0-0.1 BTC wallets: 50,170,000
0.1-10 BTC wallets: 4.31 million
10-1,000 BTC wallets: 150,130
1,000+ BTC wallets: 2,050
Especially in the latter two groups, as long as their numbers increase and continue to accumulate, the bull market is highly likely to persist! Eventually, the chips will become more and more dispersed, and Bitcoin will become hard to find!
Most of the BTC is held by a few people, which is similar to real life, where a large amount of wealth is concentrated in the hands of a very small number of people! If BTC reserves are established in the future, Bitcoin will only rise in value! At that time, 0.1 BTC might allow you to climb to the middle of the pyramid!
In the future, holding 0.1 Bitcoin will allow you to surpass many people!
Currently, there are 4.31 million users holding between 0.1 and 10 BTC, while there are 57 million users with assets exceeding one million dollars! In the future, more and more people will flood into the market, scrambling to buy BTC! The inflation faced by fiat currency does not exist in Bitcoin!
The rate of Dogecoin's issuance in the cryptocurrency community is actually astonishing, with new coins popping up every minute, totaling 5 billion new coins in a year.
The origin of Dogecoin can be traced back to 2013, developed by founders Billy Markus and Jackson Palmer. Initially, the price of DOGE was extremely low, at just $0.00059 per coin. At that time, mining was still feasible, and Markus even sold Dogecoin to buy a used Honda Civic.
Nowadays, Dogecoin is very popular in the trading market, with major platforms like Binance supporting trading. However, despite seeming hot, the holders of Dogecoin are actually quite concentrated, with the top ten holders accounting for over 42% of the share, leaving the remaining investors to share the rest.
Dogecoin also faces a significant problem of loss, with statistics showing that 11.2% of Dogecoin is lost, amounting to about 200 billion coins. Additionally, 19% of Dogecoin has been dormant in wallets for over a year, totaling 380 billion coins.
Speaking of Musk, he is undoubtedly a promoter of Dogecoin, as his words can cause the price of Dogecoin to soar. For example, he once stated that he would send Dogecoin to the moon, resulting in a 238% price increase. After acquiring Twitter, Dogecoin rose by 163%, and even when he changed his Twitter avatar, Dogecoin could rise by 30%.
Musk is also actively promoting the practical application of Dogecoin, which can be used for Twitter subscriptions, payments for SpaceX and Tesla merchandise, leading to a wave of price increases. However, Musk has not always supported it so fervently; at one point, he called Dogecoin a scam, causing the price to plummet by 34%. Nevertheless, the market is always volatile, and Dogecoin rebounded later, currently having quadrupled in price.
In the payment field, Dogecoin is also quite popular, used in over 100 countries worldwide. The promotional effects of Musk are significant, and even high school girls and KTV waitresses have started buying Dogecoin. Many outsiders may not be familiar with Bitcoin, but they have heard of DOGE.