BTC

Romanizer

The Blockchain is pseudonymus so we will never know exactly but the River Adoption report tries to get an approximation: https://river.com/learn/files/river-bitcoin-adoption-report-2026.pdf So about 14 million BTC owned by individuals/private wallets and part of the ETFs.

Omniwatch

If your sole advantage is lending nations money so they owe you favors while you direct their policies and resources, and BTC emerges to strip that control, what would you do as the IMF?

ztkraf01

Can’t even get to BTC without understanding what we are trying to beat

MittenSplits

Quantum computers threaten the layers of BTC in different ways. Old key pairs are fucked, sha-256d is likely fine. Quantum computers can't derive an input of infinite variability/length from an output of finite variability/length, so hashing has great logical resistance to any computation, classical or QC. Disagree that a competitor is likely to supplant BTC any time in the next 100 years. There's a deep social layer underpinning the actually cryptographic schema. 21 million, block every 10 min, difficulty retargeting every 2018 blocks. The mechanics of the network (sha-256d, ECDSA) don't need to persist for the chain of custody to remain intact.Even the hashing algo can be swapped out if it is ever credibly threatened (though that changeover is hard to imagine). Old signature schemas being vulnerable doesn't surprise, the most imminent QC threats can be mititgated by p2pkh and just simple pubkey hygiene. BTC is the most powerful and secure computer network on earth, as it stands. If it ever is dethroned, it will be long after we're gone.

ClerkPrestigious7395

I've been in the space for a brief minute (bought ETH when it first hit $40) and I tend to agree. BTC was first mined in January 2009. If the technology hasn't been put to practical, everyday use in 18 years then when will it be? To me, cryptocurrency is a solution searching for a problem. Yes, a foreign bank might be running a testnet, or an investment bank might be running an obscure side project. But there hasn't been any mainstream takeover by crypto in any meaningful way that I'm aware of. In Canada, and Europe the banks already reconcile almost instantly. All of the banks in Canada have been using a system called Interac for decades. If you want to send or receive money you open your banking app and send/request an e-transfer to the person's mobile # or email address. The money is deposited nearly instantaneously. I wouldn't be surprised if the banks in Asian countries and elsewhere have something similar. That is to say that we don't need 3rd party apps like Venmo, or cryptocurrency to accomplish what's already working I've been rugged too many times *following the narrative^TM* and got out of spot trading crypto six years ago. I only trade leveraged futures now, and only in crypto because the volatility is fantastic. I will concede BTC as digital gold and give it the credit that it deserves. Maybe a few others, such as Zcash, etc. I have been accumulating BTC not to trade but for its stored value. I do love the space, but have gotten away from following any projects because any hype seems to just be a circlejerk for others in the crypto space.

vixht

NON FARM data will let us know the next move of BTC

DrGarbinsky

The reason BTC hasn't seen adoption is because its a deliberately crippled piece of trash as fas as p2p cash is concerned.

injectionsiteredness

You download the recovery program, then isolate that computer from the internet. Do not reconnect that computer until you have created a new wallet and moved your BTC.

JashBeep

>It's interesting that companies linked to BTC are now coming forward to talk about inflation and BTC as a safe haven against it. But they didn't start saying this until September 2026 and not during the entire downturn - u/Infinite1ntelligence Had to quote this because it's so shockingly uninformed that I suspect you'll delete it when called out. Famously Brian Armstrong of Coinbase was talking about inflation back in 2020. DAMG (Greyscale) Barry Silbert and others were publicly talking about inflation back in 2020. Famously Jack Dorsey spoke with Elon Musk in a Twitters Spaces discussion and specifically linked bitcoin to inlfation in 2021. Cathie Wood explained her initial bitcoin investment was in part due to the inflation hedge angle. She spoke about that publicly in 2022 and her initial purchase was back in 2015. And of course Michael Saylor in 2020, and the list goes on. Most of this happened after Paul Tudor Jones went on CNBC to talk about bitcoin and inflation on [May 11, 2020](https://www.youtube.com/watch?v=k9VpVf3g9Y0). Prior to that there weren't many companies speaking about inflation, but it has always been one of the most introductory points that prominent individuals make about why someone should take the time to understand bitcoin.

Oregon-izer

if your so high on hopium that you can’t see the next rug pull coming as the DXY breaks 102, you just ain’t that bright. Im not saying don’t buy BTC. just don’t overpay for btc.

Illustrious-Boss9356

Damn how many BTC you got?

ubermensch1001

I'm at a point right now where I want to see what plays out over the next 1-2 months. If I see this below 75k I'll definitely start making some moves. If the market seems to show a lot of support here in the low 80ks going into mid November, I'm considering steadily accumulating .01 BTC/month if it's under 100k. This is a very comfortable rate for me to where I could slowly add to my stack. Once it definitively goes past 100k I think it won't take long before it hits a new all time high, at that point I'll just be letting everything ride and just stack cash, pay off debts, enjoy life, etc.

TheBigBRRRR

Just trolling. Because the majority of people thought we would see the bottom in october and then BTC surprised everyone.

Icy_Dragonfruit__

Dont take a 10% hit just to go all-in on BTC. Diversifying across different assets can help keep one bad move from hurting the whole portfolio.

MAGICAlenceria

El decaímiento es ahorita... esta vez las mulltiplicaciones en ATH sólo alcazarán x3.5, la próxima x1.5. Y después menos. Hasta su cese de producción de BTC en 2140. El asunto es que ahora que Institucional ya tiene a BTC bien agarrado, y lo seguirá cogiendo hasta hacer en algún momento lo que quiera con el; es que lo harán pedazos pasado entre 2033 y 2040, para que?, para volver a tener inmediatamente después esas multiplicaciones salvajes del inicio, con los fundaderos/hackers haciendo x1000, ó la primera rueda en la Bolsa haciendo x300.

No-Kitchen-6511

It could have been done really anytime internet became publicly available if they kept the data low enough or just had people download partial chains. But if the transaction volume and blocks about every ten minutes then at least 2000 at the earliest since Satoshi could barely get people to download it and mine it when BTC was free in 2009 and the chain was almost nothing. So whenever downloading like a 1 GB file was no longer a big deal on an average laptop.

Vipu2

Not your keys, not your coins Not your dice, not your seed Never put keys online or device that can go online Go learn more about securing BTC before you get big sum of it again.

Infinite1ntelligence

According to the theory, it makes sense to have only 21 million BTC. I’m just going by common sense. BTC rises when they decide to shift the flow of dollarspreviously through QE and now through debt buybacks under the Clarity Act, which pumps trillions of USD into crypto, with BTC serving as the bait for the suckers. And I recall that BTC was mysteriously created in 2009 by Satoshi with the idea of monetary decentralization.

etha_an41

Most people use map-based directories that show local merchants accepting BTC. Search for Bitcoin merchant maps and you'll find a few solid options.

TheresNoSecondBest

Here are my favorite directories: http://lightningnetworkstores.com/ https://btcmap.org - awesome map, you can even add your local vendors in, once you orangepill them. https://acceptlightning.com/list.html https://spend-sats.com/ https://spendabit.co/ https://directory.btcpayserver.org/ There's also an option of buying gift cards https://thebitcoincompany.com/ https://bitrefill.com https://www.egifter.com/buy-gift-cards-with-bitcoin - this one's least fave because they use a shitty custodian for payments but are handy for a few cards. Spend and earn some sats back: https://foldapp.com - save up to 20% Starbucks, Uber, Target , whole foods , Dunkin https://www.lolli.com – save up to 30% by spending BTC anywhere but primarily USA stores https://satsback.com/stores-list - save up to 20% by spending BTC anywhere but primarily Europe stores.

Infinite1ntelligence

Funds and banks are the ones deliberately driving the price. With the creation of BTC ETFs, they buy and sell according to their own agenda. We retail investors don't really influence the price.

Infinite1ntelligence

It's interesting that companies linked to BTC are now coming forward to talk about inflation and BTC as a safe haven against it. But they didn't start saying this until September 2026 and not during the entire downturn.

Right_Phase7154

Sounds like a good idea. BTC could hit 70k but it will surely go back up. This expert technical analysis guru has it going to 250K for bitcoin. [https://www.youtube.com/watch?v=Q5hEPMow\_X8](https://www.youtube.com/watch?v=Q5hEPMow_X8)

cooltone

The BPL is BTC price ($)= c.(t^m) and has been following this trajectory for over 10 years. If the value of the $ collapses does it means the value of bitcoin collapses?

OscarOfAtlantis

Remember that we’re measuring BTC in terms of dollars. Dollars consistently lose value over time. Maybe that’s why we have diminishing peaks relative to the channels. And things can get closer and closer to 1.0000 without ever reaching it. You could have smaller and smaller returns infinitely without hitting 1. Not saying this will happen with BTC, just saying that diminishing returns doesn’t automatically equal eventual losses. It could just mean stability, with any value increases just being the relative value losses of the dollar we’re using to measure BTC.

Nicole-Two-2047

I think it's a real shame you did that. The value of one BTC is immeasurable right now. If this cryptocurrency bill passes. it will bring about even greater changes.

Klutzy-Intention3548

Hey 👋I am a university student trying to upgrade my very ancient Samsung Galaxy Grand Prime before it becomes a historical artifact I am also saving for a few basic clothes, a pair of shoes, and a cheap bike for my daily commute. A 10-minute trip somehow turns into a 2-hour public transport adventure. If anyone feels like helping me out, even a small crypto donation would mean a lot. BTC Wallet: 1oWq22bxPZjEtWZAbRfYkiYauWxdqugko Thanks for reading, and may your bags stay green

Klutzy-Intention3548

Hey 👋I am a university student trying to upgrade my very ancient Samsung Galaxy Grand Prime before it becomes a historical artifact I am also saving for a few basic clothes, a pair of shoes, and a cheap bike for my daily commute. A 10-minute trip somehow turns into a 2-hour public transport adventure. If anyone feels like helping me out, even a small crypto donation would mean a lot. BTC Wallet: 1oWq22bxPZjEtWZAbRfYkiYauWxdqugko Thanks for reading, and may your bags stay green

Klutzy-Intention3548

Hey 👋I am a university student trying to upgrade my very ancient Samsung Galaxy Grand Prime before it becomes a historical artifact I am also saving for a few basic clothes, a pair of shoes, and a cheap bike for my daily commute. A 10-minute trip somehow turns into a 2-hour public transport adventure. If anyone feels like helping me out, even a small crypto donation would mean a lot. BTC Wallet: 1oWq22bxPZjEtWZAbRfYkiYauWxdqugko Thanks for reading, and may your bags stay green

Over_Trip3048

just remember : BTC is not crypto

Klutzy-Intention3548

Hey crypto fam! 👋I am a university student trying to upgrade my very ancient Samsung Galaxy Grand Prime before it becomes a historical artifact I am also saving for a few basic clothes, a pair of shoes, and a cheap bike for my daily commute. A 10-minute trip somehow turns into a 2-hour public transport adventure. If anyone feels like helping me out, even a small crypto donation would mean a lot. BTC Wallet: 1oWq22bxPZjEtWZAbRfYkiYauWxdqugko Thanks for reading, and may your bags stay green

Over_Trip3048

alt season is usually opposite from BTC dominance

Klutzy-Intention3548

I am a university student trying to upgrade my very ancient Samsung Galaxy Grand Prime before it becomes a historical artifact 😂 I am also saving for a few basic clothes, a pair of shoes, and a cheap bike for my daily commute. A 10-minute trip somehow turns into a 2-hour public transport adventure. 🚌💀 If anyone feels like helping me out, even a small crypto donation would mean a lot. ❤️ BTC Wallet: 1oWq22bxPZjEtWZAbRfYkiYauWxdqugko Thanks for reading, and may your bags stay green! 🚀💰  

Axe_Raider

what a coincidence, i just send all my BTC to a Nigerian prince who is going to send me back double tomorrow

RevCoat633

For me, (historically) it looks like the last "peak" was not the real peak, because of its "flatness". It looks more like consolidation for the REAL peak. The 100k was (is) a significant psychological barrier. BTW I dont have BTC in my wallet, dont plan to buy, but I play with other tokens, which are obviously connected with BTC price. So fingers crossed for BTC-holders.

SeriousGains

The guy that forecasted BTC $200-250k Dec 2025

greglogan84

Another option to compare is Cambio. I work for Cambio, so obvious disclosure. The flow is basically what you're describing: select the USDC network you're actually sending from, enter your native BTC receiving address, get the quote, then send the USDC. No exchange account is required. The important part is selecting the correct USDC network because USDC exists on several chains. Compliance/risk screening still applies and verification can be requested if a transaction is flagged. [https://cambio.one/?utm\_source=reddit](https://cambio.one/?utm_source=reddit)

chainglance_cm

Lloyds is probably your best high street option since they don't publish caps on crypto payments. Call them before the first big transfer so fraud doesn't freeze it. Revolut usually allows exchange payments, but expect checks as a new account. Monzo caps it at £5k a month. For just BTC exposure, crypto ETNs are open to UK retail now. You buy through a normal broker so the bank never sees a crypto payment, though you don't hold the actual coins. Incoming from exchanges is rarely an issue. Even Chase accepts it while blocking everything outgoing. Also if you're buying in a few chunks over time, HMRC averages your cost across all of it, so keep a record of every buy. A spreadsheet's fine at that size. Tax tools like Bitcoin.tax and trackers like Chain Glance only really earn their keep once you're spread across multiple exchanges and wallets.

AndersonR00fing

I mean, dollars have been parabolic down over the last century with no signs of reversing. Hyperinflation is still a very real possibility around the world. If even a substantial fraction of global trade gets priced in BTC after dollar hyperinflation, those numbers make a lot more sense. I'm not disagreeing with the diminishing returns theory, I've just never seen it actually modeled like this before and was surprised to see it isn't confirmed yet and we are still in the first channel by the skin of our teeth

Narf234

Did you expect BTC to go parabolic forever? I don’t think 1 BTC being worth quadrillions makes sense.

Most_Raccoon_587

Could have bought BTC with that frame money.

AllMils

Be cool if AI hacks the FED and just prints money Then we need BTC

b1mm3rl1f3

5 more days until the bears get a $30k BTC capitulation

LucaRossi0

Stock investors panic over a 2% dip, while BTC holders don't even wake up for a 15% dump during a war crisis. We've been completely desensitized.

LeoMiller9

Stop measuring your Bitcoin in dying dollars. 1 BTC = 1 BTC. The dollar goal keeps moving because the money printer never stops.

EthanDavis63

Even 7-time Super Bowl champion Tom Brady couldn't escape the FTX breakdown. If BTC doesn't hit $1M soon, we're all joining him in that cardboard box.

FYATWB

"If he helped create BTC, why not spend money from genesis wallets and completely fuck over the trust people have in BTC foundations?" Whoever wrote this article is dumb as rocks

ZannyNanny23

Tao chain link and zec and BTC

NoActivity1724

Three months is barely enough time for crypto to invent a new acronym, so I’d stick with BTC or stay in fiat rather than gamble on an altcoin.

bje332013

The Crypto Dad posts great videos on YouTube, but they seldom focus exclusively on BTC. There's really not much of a reason why you need to be following 'news' or price speculation re: BTC. That being said, guys like The Crypto Dad have been very helpful in alerting BTC owners about the shoddy firmware that had been published for the BTC-only Coldcard hardware wallets, and teaching them about how to safely migrate their BTC.

MorbidandBack

Why is this in r/bitcoin? BTC isn't going to help you to avoid property taxes.

HelloYatta

BTC to $1,000,000 by 2030

RKrugel

Lol, that's funny. I'm hopeful that BTC will reach 1M in the future but definitely not expecting it to be anytime soon.

Previous_Valuable873

Better get used to the feeling that BTC will never ever be 100k again, if the AI bubble pops in 4 months or less. Pumptober lol, you are lucky if it doesn't dip below 40 before eoy.

Old_Network1961

When I was starting to learn about BTC, I found all the sources on YT. There's one guy, Andreas Antonopoulos, on YT and he explains everything in depth. However, if you wanna start investing, learn about wallets and how to store your BTC.

summ_app

moving the same coins between accounts you own isn't a sale, so the transfer itself generally isn't taxable. Two things to watch. The network fee: if it's paid in BTC, that small amount can be treated as a disposal, so it's worth noting even though it's tiny. The bigger one is cost basis. Cash App won't know what you paid on Kraken, so if you sell there later its tax form may show the basis as missing. Download your Kraken trade history before you move, and keep it with the transfer record so you can match them up at tax time.

Most_Raccoon_587

Just buy IBIT in the Roth. The good news is, you can sell at the top of the cycle if you want and you don’t pay capital gains, rebuy in the bear market. If you’re playing the BTC cycle trade, IBIT in Roth is the move.

polyamerica

These are the speculative bags. Most in BTC and ETH.

entityinvesting

This post DOES NOT APPLY if you have only been in BTC for 1-3 years. A LESSON for you newbs learning - BTC was at $10K during COVID and went up to $65K in that one year alone (crazy gain$), and by the summer of 2022, it leveled back down at $20K (crazy Lo$$) a BTC - so $60-65K was the sweet spot, and has been so for a while. But that level was a key moment. (Do your homework). Now, $100K, the moon!🌙, yes, a lot of us made it. Wow!!….but then, it went back to $65K (felt like a crazy Lo$$ mentally) and guess what!…now it’s poppin back up to $100K. Enjoy the ride. Don’t be a fart and sell your stash, stick to the plan (HODL), and DCA (what you can) and wait. The rest of you, just sell, take your screenshot of your sale, save it for 3-5 years from now for a “HAD I” segment and start again. Whales 🐳…ummm 🫡 thanks for the lessons over the MANY life cycles. Man….Had I just….🤣 🧡

SpontaneousDream

Well yea its literally a shitcoin. What do you expect? Look at LINK/BTC dude...

Lefties_TheWorst7331

BTC will never have everyone already jumped in, even though it is still growing. And the new money comes from the money printer ;)

REW1931

Yup. I am thinking of dumping all ETH for BTC. I already dumped half earlier today. Looking at price charts, BTC is the vastly superior investment.

Stompya

They say to only invest in crypto if you can afford to lose it all. BTC has no guarantees, but being debt-free gives you a lot more options. Clean up that line of credit first - the interest you pay is money lost. If you love Bitcoin, pay off the LoC and then buy BTC with the amount you would have been paying in interest. That way your total is going up, at least it is always green even if value drops.

Budget-Aardvark-7860

yep BTC is about to dump, the memes are just getting dumb at this point; hold on to your butts!

mogrith

Hey it was only 10,000 BTC. At the time the pizza was worth more

OutlandishnessLimp25

Yes you can transfer from one wallet address on an exchange to another wallet address on an exchange. So in your case you’d just have to establish a new wallet address on whatever new exchange you’re moving to. Once you have that new address, in Kraken you will send BTC to (insert new wallet address you just got from new exchange). As a best practice, you can first attempt to send a small amount just to make sure the transaction goes smoothly before sending the rest, or full amount.

CodyC777

Hopefully that BTC short did well for ya….

hoppeeness

I don’t think BTC, ETH will pump that much even through EOY but I think SOL and smaller utility alts will in a few weeks and continue through EOY. Not to say BTC, ETH won’t but it will be the lower side of all expectations…I think others will be mid to high expectations

AiiiAi99

Blocktrainer.. wohl der größte BTC only Kanal im Deutschen Raum

Legitimate-Nobody499

BTC has definitely made more numb to changes in markets.

20Kenny

the real flex will be buying the iPhone 30 for 0.0000001 BTC and still complaining about the price

TrickySatoshi

People always panic during geopolitical conflicts and rush into traditional safe havens, buy BTC recovers and outperforms everything once the dust settles.

peppaz

Try moving a few BTC from one ledger to another. It's legitimately traumatizing to be in sole control of that much money, and not really worth the risk any longer for the majority of people.

bitusher

> What would be the point of the wallet if Im not going to withdraw from it? Long term savings . You will eventually withdraw from it by restoring the seed in a secure matter but you won't occasionally make transactions from it. >Im not really thinking about sending money to people anyway and in case of needing a money I might withdraw money from it so what should I do Depends upon how often you transact. Perhaps keep a separate wallet with some emergency BTC funds so you don't dip into your cold storage

Strict-Employment664

It’s always weird to see that initial pop based on some news headline and then the BTC market go “aw never mind”

CompetitionDouble420

I think the whitepaper is a bit technical, especially for beginners. I think the best thing any beginner can do before diving into BTC technicals is read up on and understand the evolution of currency/value; get a good sense for what money actually is, and then start learning about how compute and encryption enabled the creation of BTC to not only persist tx data in a redundant way, but to solve the double-spend problem. After getting a good understanding of this, then start diving into BTC/blockchain technicals. Learn self-custody, private key encryption, UTXO sets, etc.

CheetahLoose7514

Pretty solid list, but there's no BTC or ETH in there at all. Alts tend to move together, so if the market pulls back they'll probably all drop at the same time. I'd keep some kind of base in BTC or ETH and let the alts be the fun part.

Victorio_01

Lapsecoin: fun new project. Just stacking. I’ve stacked quite a few of little ones actually. Some listed, some not. But I need a much larger amount of belief to actually buy. Some I’ve bought: BTC, XLM, ETH, SOL

RedKe

I would drop: SUI - still got a lot of dilution ahead. Quant - sell the current pump I don't think it will last. Cronos - I don't like exchange related coins and it also has a dilution problem. Would replace them with BTC, SOL, and XLM

Aggravating_Wrap6763

I no longer DCA, instead I am opening multiple positions with 3x/4x leverage while we are -30% from ATH. That way when BTC doubles from here (approx 170k, not too crazy a taget) I will have oustized returns which I can use to add to my spot BTC. I’d gain more BTC for the same fiat invested.

Logical_Writing_7061

BTC charts really have two settings: “I’m a genius” and “why did I do this to myself?” 😭

Purple_Jackfruit_787

I don’t check BTC anymore. I just open the app, take emotional damage, and close it.

r3v3rb_1

What datasets were used to train these agents? I'm fairly confident that if BTC was used today as as a unit of exchange more so than a store of value than these agents would have come to different conclusions.

Sudden_Onions

Money isn't the same as religion. It exists as an agreement between us all to make transactions more convenient (rather than trading chickens). Fiat or BTC could potentially fulfil the same function, but everyone knows how fiat transacts, so it has a branding headstart.

MiserableOutside9335

It's naive to want BTC to be purely utility driven and organically adopted. Even animals in nature have useless (as far as utility go) evolutions but help them in marketing. Look at all the bright colors some males have to be in order to attract a mate. Marketing/Branding/Reach has real world value, even if you think it's often done for impure reasons (which it is but not exclusively).

alfonsomg

BTC is getting more stable. Bear markets and bull markets will become softer and softer while the trend continues to move higher, not just because BTC becomes more valuable but also because fiat becomes more worthless. Eventually cycle ranges will be so contained that it will start to be seen as a stable vehicle to store value and I guess it will be then when it becomes a globaly accepted and used. Then if will be a standard of payment and value store.

BrilliantProcedure15

How will I doom scroll with 0.024 BTC?

Porcellanidae

Shouldve said BTC 69420

BrendanRodgersss

First decide whether you actually want more BTC or just feel like this small position needs to "do something." I wouldn't chase yield with it. If the goal is simply long-term ownership, learn basic self-custody and add slowly with money you can leave alone. The easiest way to complicate a simple hold is turning it into some leveraged yield experiment.

chainglance_cm

The thing I'd add is a base rate. BTC has closed positive over a random 90 day window more often than not since 2018, so 8 of 11 might be less of an edge than it looks. And with only 11 and 7 episodes, one or two results going the other way would flip the whole story.

Ok_Bit8836

# gain of $24,000 is for 1.000000 BTC traded; if traded and if in at the right moment...

greglogan84

“Free electricity” definitely changes the calculation, but I still wouldn't use the miner's advertised daily revenue as the decision metric. I'd calculate: hardware cost ÷ expected net mining revenue and then stress-test it for: • increasing network difficulty • declining BTC price • pool fees • cooling • hardware failure • the miner becoming inefficient relative to newer ASICs Solo mining isn't a scam. It's just extremely high variance — basically exchanging regular small pool payouts for a tiny chance of finding an entire block yourself.

greglogan84

The thing I’d understand completely before doing this is the liquidation mechanism. Interest rate matters, but with BTC collateral I’d want to know the liquidation threshold, whether liquidation is partial or total, how quickly you can add collateral, and what fees apply if it happens. Borrowing against a volatile asset can look very safe until the collateral drops quickly.

greglogan84

At this point the interesting part isn’t even another BTC purchase. It’s watching how Strategy keeps using different pieces of its capital structure to finance the overall Bitcoin strategy. The financing mechanics are becoming almost as interesting as the accumulation itself.

ReliantToker

The largest addresses on the blockchain are cold storage vaults belonging to major cryptocurrency exchanges and spot ETF providers. These single entities hold funds on behalf of tens of millions of everyday retail investors. Treating an exchange wallet as a single "king" is like looking at a bank vault and concluding the vault manager is the richest person in the world. Bitcoin operates entirely on proof-of-work consensus. Holding a massive stack of Bitcoin grants exactly zero authority to alter the network's rules, inflate the fixed 21-million supply cap, or censor transactions. The network is secured by miners and maintained strictly through node-enforced governance. A whale with 100,000 BTC is bound by the exact same consensus rules as a user running a node on a cheap laptop. The economic study factors in decades-old dormant supply without adjusting for permanently inaccessible coins. Satoshi Nakamoto’s estimated 1.1 million untouched BTC, alongside roughly 3 to 4 million early coins lost to hardware failures and forgotten private keys, are statistically counted as concentrated wealth held by elite early adopters. In reality, these defunct UTXOs effectively reduce the overall circulating supply, rather than serving as usable capital for a centralized entity. The authors evaluated base-layer on-chain data to assess wealth distribution and transaction volume. As adoption grows, daily retail activity and micropayments migrate to layer-two scaling solutions. Consequently, on-chain volume naturally skews toward massive, batched settlements by institutions and exchanges. This makes the base layer look artificially top-heavy to traditional economists, while entirely ignoring the distributed, high-volume peer-to-peer economy operating above it.

drumminger1

You're such a loser bro. I am doing 30% BTC while the other 70% is Bitcoin

Icy_Dragonfruit__

Keep DCAing through a reputable exchange and move the BTC to self-custody as the stack grows.

Rowenofpts

BTC just broke resistance and ended the bear trend and that’s not confirmation enough for you to shut the FUCK up and buy more? I’m confused what is wrong with you?

Davidbwheeler

No. BTC is a scam.

No_Way5818

8 years later it will be worth 0.0012 BTC