Business
Bitcoin whales: what are they – and how are they affecting the cryptocurrency’s price? – Business Insider Australia
A bitcoin whale is a term that refers to individuals or entities that hold large amounts of bitcoin, according to Investopedia. There are around 1,000 individuals…
A bitcoin whale is a term that refers to individuals or entities that hold large amounts of bitcoin, according to Investopedia. There are around 1,000 individuals who own 40% of the market.
Whales have the potential to manipulate the currency valuations and, given bitcoin’s fluctuations in recent weeks, they are increasingly under the spotlight.
The Telegraph reported on Friday that, according to industry data, around 13% of all Bitcoin, or around $US80 billion, sits in just over 100 individual…
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