According to Blockstream CEO Adam Back, owning 100 BTC could be enough to turn you into a Bitcoin (BTC) whale.
The Bitcoin pioneer, who was quoted in Satoshi's whitepaper, claims this would be "an amazing amount of value" at $ 10,000 per coin.
While bitcoin price> $ 10k then 100BTC would qualify someone as a HNWI with> $ 1mil in liquid assets, so I would say yes #bitcoin 🐳. Globally less than 1% have with wealth> $ 1mil so 100BTC is a staggering amount of value to most people. In many, many locations you could retire.
– Adam Back (@ adam3us) April 22, 2020
The number of Bitcoin whales peaked at two years on April 10 amid what appears to be a new phase of accumulation.
The number of $ BTC whales continues to grow, hitting 2-year highs – the last time we saw this many during an accumulation phase was in 2016.
This becomes interesting when we compare it with the last #Bitcoin halving.
Read more in The Week On-Chain tthttps: //t.co/CJOl6xqyyX pic.twitter.com/BE9N4reNcD
– glassnode (@glassnode) April 9, 2020
According to the data provided by CoinMetrics, holders with at least 1,000 BTC control over 42% of Bitcoin's total supply. In particular, this percentage is four percent higher compared to the December 2017 peak, which can be explained by the fact that many retail investors jumped after the accident.
Still, Bitcoin pales in comparison to other projects when it comes to wealth inequality. Stellar and Ripple get a cake in this department, with more than 80 percent of their addresses controlled by deep-pocketed holders.