Hi All,
This podcast isn't meant to be bearish or pessimistic, rather it is to talk about a chart that every Bitcoiner or person thinking about getting into Bitcoin should comb through and ask questions on!
This is the Bitcoin Rich List which is on bitinfocharts.com. This chart shows the degree of centralization amongst addresses (which could include miners, exchanges, whales, holders, entities, etc.).
In this podcast, we discuss the following:
1) 93% of the bitcoin is held by less than 2% of addresses
2) Centralization of ownership on exchanges
3) Dormant Addresses/Lost Bitcoin/Satoshi's Bitcoin
4) Fiat cantillionaires & what percent of wealth they own
5) The importance of holding your keys
6) Degrees of centralization
7) Suggestions to decentralize the current holdings
SatsMates
Bitcoin Rich List URL: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Bitcoin Buys: https://invite.strike.me/2MSTYG
Bitcoin Address: bc1q7mahtup2zwnshwjppc5rqxcn0ydg5k5h4j3npth6vtxjdum2c2eqvx53ck
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/