On December 20, the number of Bitcoins owned by small investors reached a record high.
Research company Glassnode has studiedsmall investor wallet balances holding less than 10 BTC worth up to $168,148 at current rates. According to the firm, the holdings of bitcoins in these vaults have grown steadily since 2011, until they reached 17% of the circulating supply of 3.27 million bitcoins worth nearly $55 billion.
The dynamics of changes in the number of bitcoins stored in wallets with less than 10 BTC
Reflexivity Research employee WillClemente drew attention to the fact that over time, bitcoin reserves are distributed, and fiat currency, on the contrary, is consolidated in the hands of moneybags.
However, one cannot exclude the possibility that crypto whales simply transfer coins to different addresses, thus not reducing the amount of bitcoins in their property.
Analytical organization IntoTheBlockconfirmed the conclusions of Glassnode employees and reported that wallets holding up to 10 BTC hold 17.3% of the circulating supply of bitcoins. At the beginning of 2020, they accounted for only 12% of the supply of coins. Thus, in less than two years, small investors increased their savings in bitcoins by about 44%.
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