According to a Bloomberg Business Week report, roughly 1,000 people account for about 40% of the world's total battlefield. At the current rate this is equivalent to an average of $ 105.6m. per person.
What does this mean for ordinary investor?
In short, this means that the 1,000 people in question can completely negatively impact the cost of the battle. As with any asset class, large individual holders are quite possible to agree at which point to put their order on the market and collapse the price. If we take the stock market as an example, such a malicious act is quite likely, but it will be illegal and the participants will be fully accountable to the regulator. In battle, things are different. The 1,000 people in question or part of them may just decide to leave the market, collapsing the price and not producing any consequences, as the battle is still unregulated.
Source: Bloomberg Business Week
Jr Trader Petar Milanov
Bloomberg: The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market
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