DeutschAccording to studies, so-called Bitcoin whales owned over 25% of all Bitcoins available on the market in 2020. Bitcoin whales repeatedly cause discussion on the crypto market. This is primarily because investors fear that a Bitcoin whale is manipulating the market or the Bitcoin price.
What is a Bitcoin Whale?
Whales are holders of particularly large holdings. According to experts, this imbalance in market distribution is an important factor for the market’s considerable volatility and also carries the risk of price fixing in the decentralized BTC system. Whales can therefore have a negative impact on the market.
The more Bitcoins a party owns, the easier it is for them to influence the price of Bitcoin. Important: A Bitcoin whale does not threaten the decentralization of the Bitcoin network.
