In recent days, the crypto market has begun to stabilize gradually after last week's sharp correction, in line with the market expectations for this time of year.
Looking back at several rounds of bull markets in history, Bitcoin usually reaches new highs after Christmas. Although history does not repeat itself exactly, there are always striking similarities.
At the current stage, the risk of increasing holdings in Bitcoin and Ethereum is relatively low. Even if there is a decline, the loss is only about 10%, while the potential for increase can reach 50% to 100%.
Returning to today's topic, if the price of Bitcoin rises to $150,000 or $200,000, the biggest beneficiaries will undoubtedly be those who hold the most.
According to public data, the proportion of Bitcoins held by global governments is 2.7%, while the combined holdings of China and the U.S. exceed 75%.
China holds 190,000 Bitcoins, ranking second, with a value of about $20 billion. As for how it was obtained, those who understand know.
As for how much is still in anonymous addresses, it is currently unknown, but when it is truly revealed, ordinary people will have no chance. The key point: purchasing Bitcoin at any time in the village is not illegal.
United States, the largest holder of Bitcoin in the world
The U.S. government holds about 210,000 Bitcoins, worth about $22 billion. These Bitcoins were mainly obtained through law enforcement actions.
For example, the FBI seized a large amount of Bitcoin while cracking down on the 'Silk Road' black market. In addition, the U.S. occasionally auctions these digital assets to fill budgetary or other needs.
Its large holdings not only demonstrate the importance of cryptocurrencies in law enforcement, but also reflect the government's prudent management of digital currency assets.
3.9% is for ETF funds - which have now become the digital gold that Wall Street financial giants like BlackRock and Fidelity are scrambling to chase.
As of November 30, 2024, the global Bitcoin ETF tracking shows that 45 funds hold a record 1,266,862 Bitcoins, worth $123 billion.
3.6% is for companies, the most representative being MicroStrategy. As of December 22, 2024, the company and its subsidiaries hold approximately 444,262 Bitcoins, with a total purchase price of about $27.7 billion, at an average price of about $62,257.
Looking at the data, it seems that the biggest beneficiaries are the United States, but this overlooks the decentralized nature of Bitcoin.
The most decentralized asset, in fact, 57% of individual investors are the largest holding group of Bitcoin.
If you can't understand, think about who the largest holders of real estate are. They are not companies or institutions, but individuals and early participants.
You may not actively participate, but your wealth will inevitably be passively diluted, just like real estate. Not buying a house does not affect the rise in housing prices. Wealth storage requires a carrier, and the different carriers have different operational speeds.
We look at the price changes of Bitcoin during Christmas over the years to see the speed of Bitcoin as a store of value.
2013 - $666
2014 - $323
2015 - $455
2016 - $899
2017 - $13926
2018 - $4079
2019 - $7323
2020 - $23736
2021 - $50822
2022 - $16822
2023 - $43665
2024 - $99487
It can be seen that, from a big trend perspective, Bitcoin's price is showing a rapidly stable upward trend.
Just because you don't count some accounts doesn't mean they didn't happen.
If ten years ago, in 2013, you had $1 million in the bank, how much would it be now? How much would a house cost now? How much would Bitcoin be worth if you had bought it?