Can Bitcoin still be fried? Bitcoin is known for its wild price swings, with sharp drops and record highs that keep coming. If you don't have enough capital, it's important to be cautious—don't risk everything, or you might end up with nothing left. If you have extra cash and are willing to take on the risk, you can play along. But it's not fair, and that's why governments might eventually ban it.
Is Bitcoin just a toy for a select few? Credit Suisse analysts recently released a major report on cryptocurrency and blockchain technology, highlighting some concerning trends.
"Bitcoin wealth is concentrated in a small number of trading addresses, whether they're individuals or exchanges," said Credit Suisse analysts. "This means that just a few key players can significantly influence the entire Bitcoin market."
These influential holders are often referred to as "Hodlers" in the crypto world, and for them, Bitcoin represents a significant part of their lives and investments. As a result, wealth has become highly concentrated within the Bitcoin ecosystem.
According to Credit Suisse, about 97% of Bitcoin is held by just 4% of participants. In contrast, the top 1% of the global population holds only around half of the world’s total wealth. This extreme concentration makes Bitcoin more like a store of value, similar to gold, rather than a widely used currency.
Credit Suisse pointed out that this concentration limits Bitcoin's liquidity and usability, making it more of an investment asset than a practical medium of exchange.
For Bitcoin investors, 2017 was a volatile and risky year. In December of that year, Bitcoin reached a peak of nearly $20,000, marking a massive 13-fold increase from the start of the year. The total market cap of Bitcoin also surged from around $15.6 billion in early 2017 to a historic high of $320 billion by the end of the year.
While Bitcoin continues to capture attention and attract new users, its current state raises questions about fairness, accessibility, and long-term sustainability. Whether it remains a speculative tool or evolves into something more mainstream depends on how it develops in the future.
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