There are a few people who hold a large number of bitcoins. These people are known as “bitcoin whales.” Here is a list of the top ten biggest bitcoin holders across the world. Check the quantum-code.app to get a piece of detailed information about bitcoin trading.
1. Satoshi Nakamoto – 1,521,054 bitcoins
Satoshi Nakamoto is the founder of bitcoin and the first person to mine bitcoins. He can be considered one of the Bitcoin holders in the world.
2. The Winklevoss Twins – 1,011,011 bitcoins
The Winklevoss twins are American entrepreneurs who first became famous for suing Facebook founder Mark Zuckerberg. They later became known for their bitcoin investment. They are one of the biggest Bitcoin holders in the world.
3. BitFury – 700,000 bitcoins
BitFury is a bitcoin mining company that owns a large number of bitcoins.
4. BTC China – 618,592 bitcoins
BTC China is the country’s leading bitcoin marketplace.
5. Coinbase – 500,000 bitcoins
Coinbase is a bitcoin wallet and cryptocurrency exchange service popular in the United States.
6. Mt. Gx – 460,000 bitcoins
Mt. Gox was previously the world’s biggest bitcoin marketplace. However, it collapsed in 2014 after hackers stole millions of dollars worth of bitcoins.
7. Roger Ver – 352,000 bitcoins
Roger Ver is an early bitcoin investor and advocate. He is also the founder of Bitcoin.com.
8. Andreas Antonopoulos – 232,000 bitcoins
Andreas Antonopoulos is a bitcoin expert and author. He has spoken at numerous bitcoin conferences around the world.
9. Charlie Shrem – 192,000 bitcoins
Charlie Shrem is a bitcoin enthusiast and businessman. He is also one of the Bitcoin Foundation’s co-founders.
10. YSB – 172,000 bitcoins
YSB is a Chinese bitcoin mining company that owns many bitcoins. Bitcoin, the original cryptocurrency and the internet’s first decentralized digital currency, is still very much in the news.
Whether due to the current price action or the technology is still maturing, the media has shown more interest in Bitcoin than ever before. If you are looking to research the latest news about Bitcoin, you may need to know how many people are holding it.
The price of bitcoin has been fluctuating. Each time the price would go up, a new group of investors would be interested in buying it. Around those times, they were waiting for the price to go down, but they didn’t know the actual value of bitcoin.
So the cost of bitcoin was rising and falling with every news of a new ICO or movie that would be released. However, when the number of buyers outgrew the number of sellers, the price of bitcoin would fall. These are the top 10 bitcoin holders across the world.
How do the biggest bitcoin holders affect the value of bitcoin?
Bitcoin is peer-to-peer computerized cash that may be sent from one individual to another. Bitcoin is decentralized digital money not controlled by a corporation or central body. Bitcoin’s value varies due to a few significant reasons, but the overall trend is negative.
If the request for bitcoin is more than the available supply, then the bitcoin price will go up.
And if the demand for bitcoin is less than the available supply, then the price of bitcoin will go down. So now, let’s take a look at how the top bitcoin holders have affected the value of bitcoin.
The top three bitcoin holders are BitFury, 21 Inc., and Coinbase. These three companies account for more than 25 per cent of the total supply of bitcoins. And their presence has affected the price of bitcoin.
For example, in November 2015, when BitFury announced that it had raised $20 million in funding, the price of bitcoin went up by 5 per cent. And in January 2016, when 21 Inc. announced that it had raised $116 million in funding, the cost of bitcoin went up by 10 per cent.
Coinbase is no different. In July 2016, when Coinbase added support for Litecoin, the price of bitcoin went up by 5 per cent.
So, it is clear that the top bitcoin holders significantly impact bitcoin prices. Moreover, the existence of the biggest Bitcoin holders in the world will continue to influence bitcoin’s value in the coming years.
So, you have seen how the top bitcoin holders have affected the value of bitcoin. Their existence has affected bitcoin’s value. Their impact will also be noticed in the following years. You have also learned about the history of bitcoin and how it works.
Disclaimer. The views and opinions expressed here are those of the authors. They do not purport to reflect the opinions or views of IdeasPlusBusiness.com. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any organization, company, individual, or anyone or anything.
For questions, inquiries and advert placements on the blog, please send an email to the Editor at ideasplusbusiness[at]gmail[dot]com. You can also follow IdeasPlusBusiness.com on Twitter here and like our page on Facebook here. This website contains affiliate links to some products and services. We may receive a commission for purchases made through these links at no extra cost to you.
I am Adeyemi Adetilewa, a media consultant, entrepreneur, husband, and father. Founder and Editor-In-Chief of Ideas Plus Business Magazine, online business resources for entrepreneurs. I help brands share unique and impactful stories through the use of public relations, advertising, and online marketing. My work has been featured on the Huffington Post, Thrive Global, Addicted2Success, Hackernoon, The Good Men Project, and other publications.