As more and more people participate in the BTC game, the price of Bitcoin will only continue to rise! The holding situation of Bitcoin is:
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 last two groups, as long as their numbers rise and continue to accumulate, a bull market is very likely to continue! Eventually, the chips will become more and more dispersed, and Bitcoin will become hard to obtain!
Most of the BTC is held in the hands of a few people, which is actually 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 may 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, the number of users holding 0.1 to 10 BTC has reached 4.31 million, while the number of users with assets exceeding one million dollars is 57 million! In the future, more and more people will flood into the market, scrambling to buy BTC! The inflation faced by fiat currency is completely non-existent in Bitcoin!
The speed at which Dogecoin is issued in the crypto market is actually quite astonishing, with new coins popping up every minute, resulting in 5 billion new coins in a year.
The origin of Dogecoin can be traced back to 2013, developed by two 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.
Today, Dogecoin is very popular in the trading market, with large platforms like Binance supporting transactions. However, despite the apparent popularity, 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 leftovers.
Dogecoin also faces a serious problem of loss, with statistics showing that 11.2% of Dogecoin has been 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; a single statement from him can cause Dogecoin's price to soar. For example, he once stated he would send Dogecoin to the moon, and the price surged by 238% instantly. After acquiring Twitter, Dogecoin rose by 163%, and even when he changed his Twitter avatar, Dogecoin saw a 30% increase.
Musk is also actively promoting the practical application of Dogecoin, such as in Twitter subscriptions, SpaceX, and Tesla merchandise payments, which has led to a surge in prices. However, Musk has not always been this supportive; at one point, he called Dogecoin a scam, causing prices to plummet by 34%. Nevertheless, the market is always volatile, and Dogecoin later rebounded, currently quadrupling in price.
In the payment field, Dogecoin is also quite popular, available in over 100 countries globally. Musk's promotional effects are significant; even high school girls and KTV waitresses have started buying Dogecoin. Many outsiders may not know much about Bitcoin, but they are very familiar with DOGE.