Around 50% of all bitcoins would number 10.5 million coins.
Currently, itโs estimated that only 1000-2000 people or entities control that many coins.
Meaning that at $59k per bitcoin those people alone hold around $620 billion worth of bitcoin.
These โwhalesโ are responsible primarily responsible for the promoting of bitcoins. They can buy off politicians, they can help fund advertising, they also buy off crypto influencers.
The next 20% of bitcoins are held by maybe 10,000 more people and entities.
So 70% of all bitcoins are held by 12k to maybe 15k people.
People complain about the 1% rich or the 0.1% rich in the world as currently being a big problem.
Estimates are that close to 1% or 50-60 million people currently account for 50% of the worlds wealth
So if you think bitcoin is the answer think again. Itโs nothing more than a ponzi scheme
People often look at crypto and then say to me โI donโt get itโ and they think โit doesnโt make senseโ
And I respond, โno, you do get itโ itโs a total bullshit Ponzi scheme and the people in it are all determined to convince others that what they own has value so they can become wildly rich. But the reality is itโs complete bullshit.
Fair taxation is the answer. Not crypto. Many of the worlds elite would prefer to screw around and talk about crypto as an option cause they are happy with the distraction it presents. They will talk about anything other than increasing taxes on themselves.
The truth is they love the power they have and they donโt want to give it up. They like buying politicians and making policy that suits themselves. They like the fact it takes a billion dollars to get elected in the USA.
The cost associated with getting elected insures that the people with money can set policy. The system is rigged and rotten.
Suspect to identify in an assault in Barrhaven
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Suspect ร identifier dans une affaire de voies de fait ร Barrhaven
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@StuntmanStu@Senators@CdnTireCtr Only thing sweeter is not having to work for that toxic $BCE $bce.to company and still being paid week after week after week. I love it. @bell