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BREAKING: Bitcoin’s Top Holders Are NOT HODLERS, but Rather Soulless Corporations and Bureaucratic Governments Trying to Steal Your Money With Their ‘Smart’ Investment Strategies!

BitcoinCrypto NewsInstitutional Investors 1 Sam Rogers September 24, 2024

A comic illustration depicting ten large silhouettes standing together on a cliff overlooking a vast ocean below. Each silhouette represents one of the top 10 entities holding Bitcoin: Coinbase (largest), Binance, Bitfinex, Blackrock, Microstrategy, Kraken, Grayscale's GBTC fund, U.S. government, Fidelity's FBTC fund, and WBTC project. The silhouettes are shown with varying levels of control over the ocean below, some holding back waves while others appear to be losing grip.

There’s no surprise here: Bitcoin is still being held by people who have more sense than the average crypto bro – namely exchanges and institutions. The top ten holders of bitcoin are dominated by centralized trading platforms, corporations, governments, ETFs, and derivative token projects like WBTC. It seems that even with all the FUD (fear uncertainty doubt) thrown at it, institutional investors still see value in storing their assets on these platforms. But let’s be real, folks – this is not a ringing endorsement of bitcoin as an asset class. Rather, it highlights how institutions are simply trying to get in on the action and make some money off of retail traders who can’t seem to stop throwing cash at crypto projects that have no inherent value beyond what people think they’re worth.

Source: bitcoin.com

Top 10 Bitcoin Holders: Exchanges, Corporations, and Governments Dominate the Charts
https://news.bitcoin.com/top-10-bitcoin-holders-exchanges-corporations-and-governments-dominate-the-charts
Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities holding the most bitcoin. Currently, data from cryptoquant.com reveals that centralized crypto exchanges are holding […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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