Mark Dow, a trader who shorted Bitcoin (BTC) from its all-time high at $19,500 to $3,500, said that the dominant cryptocurrency could be in trouble if it does not escape the $5,000 to $6,000 range
The richest Bitcoin addresses are owned by cryptocurrency exchanges. Collectively, these addresses hold less than 3.5 percent of all bitcoins.
Not surprisingly, the top 5 wealthiest Bitcoin addresses belong to cryptocurrency exchanges. All of them hold a total of 592,943 BTC, which is currently worth around $3,150 billion. This accounts for roughly around 3.5 percent of the entire amount of BTC.
Binance is the world’s largest cryptocurrency exchange by means of traded volumes and its cold wallet currently holds 141,096 BTC worth $749,654,668. This is 0.8117 percent of all BTC and it’s the richest address so far.
The cold wallet of Bitfinex is the second richest BTC address. It currently holds 138,661 BTC which are worth $736,714,464 or 0.7977 percent of all BTC.
The third place is occupied by Singapore-based cryptocurrency exchange Huobi. It has 108,135 BTC in its wallet which are currently worth $574,526,670. This is 0.622 percent of all BTC.
Bittrex’s cold wallet is the fourth richest BTC address and it holds 107,203 BTC. This is worth $569,577,142 or 0.6167 percent of all BTC.
Bitstamp holds 97,848 BTC in its cold wallet, making it the fifth wealthiest BTC address. Their dollar worth is $519,974,509. It accounts for 0.5629 percent of all BTC.
Other Wealthy Individuals
While it’s quite natural that the wallets of cryptocurrency exchanges would be the wealthiest addresses, there are a few investors’ who are purportedly particularly loaded with BTC $4022.60 +0.51% as well.
Cameron and Tyler Winklevoss, for example, purchased BTC for $11 million back in 2013 and are also owners of the Gemini trading platform.
Other popular wealthy BTC owners include Tim Draper, who bought 30,000 BTC off a US Marshal’s auction, Barry Silbert, Roger Ver, Charlie Shrem, and others.
It’s also worth noting that the overall BTC ownership of BTC has changed through the years. At some point, the US Government was in possession of more than 144,000 BTC seized in the popular Silk Road case.