rare on Nostr: In a "bank run" situation: little less than 5% can self-custody. - 5% of the world ...
In a "bank run" situation: little less than 5% can self-custody.
- 5% of the world have exposure to crypto.
- Of that, 2% own Bitcoin.
- 75-80% of the market still hold coins on exchanges.
- Over 80% of lightning wallets are custodial.
These are terrible stats.
The market understands bitcoin in 2024 as they did in 2014.
Only white pill: 57% of bitcoin is in the hands of "individuals." But, it's based on wallet addresses. How many "individuals" actually own it?
- Between ETFs and MSTR, they hold more than Satoshi.
- BlackRock is on the board of just about every US based mining co.
There's only 1 manufacturer of mining rigs currently. Mining, according to Ocean, isn't decentralized.
Not good. Needs improvement.
- 5% of the world have exposure to crypto.
- Of that, 2% own Bitcoin.
- 75-80% of the market still hold coins on exchanges.
- Over 80% of lightning wallets are custodial.
These are terrible stats.
The market understands bitcoin in 2024 as they did in 2014.
Only white pill: 57% of bitcoin is in the hands of "individuals." But, it's based on wallet addresses. How many "individuals" actually own it?
- Between ETFs and MSTR, they hold more than Satoshi.
- BlackRock is on the board of just about every US based mining co.
There's only 1 manufacturer of mining rigs currently. Mining, according to Ocean, isn't decentralized.
Not good. Needs improvement.