Robinhood’s address is the third-largest Bitcoin wallet overall, according to data from Bitinfocharts. The two largest addresses belong to other crypto exchanges: the largest holds 248,597 BTC ($6.5 billion) and belongs to Binance, while the second-largest address holds 178,010 BTC ($4.6 billion) and is held by Bitfinex. However, each company’s actual crypto holdings are higher as each holds multiple wallets. Biggest bitcoin wallets But who are the largest holders of bitcoin and many bitcoin holders have enough of the crypto to be classified as major players, the so-called whales? Let's take a look who owns the most bitcoin.
Largest crypto wallets
Although some assume that the largest Bitcoin addresses are held by bitcoin dinosaurs -- miners who got into the game early on, when it was easy to rack up thousands of bitcoins with a single general-purpose computer -- almost all of the top 10 bitcoin addresses do not fit that profile, says Sarah Meiklejohn, a University of California, San Diego, graduate student. Wallets do not make money from transactions The prospect of a spot Bitcoin ETF whipped crypto analysts into a frenzy, sharing their bullish predictions for the price of Bitcoin — with Fundstrat’s head of research, Tom Lee suggesting that Bitcoin could reach a price of $150,000 per coin following the halving event in April 2024.
Crypto Wallet Market Report Scope
In an intriguing development, bitcoin whales (those holding a significant amount of BTC) have been accumulating more of the cryptocurrency since April 2023 than seen in recent times. It's as if the big players in the game are betting on an even brighter future for bitcoin, stocking up on their digital gold. Ways to ‘Lose’ a Wallet The rapid expansion of the Decentralized Finance (DeFi) ecosystem represents another driving force behind the crypto wallet market's growth. DeFi platforms rely on smart contracts, and users need crypto wallets to interact with these decentralized applications effectively. The popularity of DeFi for lending, borrowing, and trading has significantly boosted the demand for crypto wallets that seamlessly integrate with these platforms. Furthermore, the proliferation of Non-fungible Tokens (NFTs) has substantially impacted the market.
Biggest crypto wallets
This comes as the value of the world's biggest cryptocurrency, bitcoin, has seen a near 55% jump so far this year, according to LSEG. Top Countries holding BTC in 2024 RippleX has announced that OpenEden will introduce tokenized U.S. Treasury bills (T-bills), a short-term government…
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