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Does this impact Bitcoin’s intrinsic value and should retail investors be concerned
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As one of the best-performing assets in the world, Bitcoin brings in a lot of attention for its investors. Its transparent model doesn’t help as every single transaction is recorded on a public ledger. Hence, it is easier to determine the whale addresses, holding an enormous amount of the digital assets.
While it hardly brings curiosity during a winter market, but a bullish period triggers concern about over-concentrated ownership and over time, these issues haven’t been clarified properly. In this article, we will try to analyze if just addresses can affect the decentralized model of Bitcoin and if smaller investors should be worried.
Now, according to Coinmetrics, one scary on-chain metric suggests that 18.7m out of a possible 18.9 million
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