Bitcoin investors definitely have reason to worry, as nearly 40 percent of all bitcoins are in the hands of just 1,000 investors. Together, they can tank or prop up the market with a click of a mouse.
Holders of significant amounts of bitcoin, known as whales, may want to sell about half of their digital funds, according to the former managing director and head of financial markets research at AQR Capital Management Aaron Brown, as quoted by Bloomberg.
“I think there are a few hundred guys. They all probably can call each other, and they probably have,” managing partner at Multicoin Capital Kyle Samani told the agency.
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