# 99% Of Bitcoin Is Managed By Whales And Institutions **URL:** \ **Category:** General Discussion\ **Created:** [December 20, 2021, 5:32pm UTC](https://community.umbrel.com/t/99-of-bitcoin-is-managed-by-whales-and-institutions/5320 "2021-12-20T17:32:45Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![LoboGuara](https://avatars.discourse-cdn.com/v4/letter/l/54ee81/32.png) [@LoboGuara](https://community.umbrel.com/u/LoboGuara)\ **Post date:** [December 20, 2021, 5:32pm UTC](https://community.umbrel.com/t/99-of-bitcoin-is-managed-by-whales-and-institutions/5320/1 "2021-12-20T17:32:45Z")
An analisis I read, and I fear it is real… This doesn’t smell right… What is the meaning for little us for helping keep network? ---
**Author:** ![jonsyu](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.umbrel.com/jonsyu/32/1803_2.png) [@jonsyu](https://community.umbrel.com/u/jonsyu)\ **Post date:** [December 20, 2021, 7:23pm UTC](https://community.umbrel.com/t/99-of-bitcoin-is-managed-by-whales-and-institutions/5320/2 "2021-12-20T19:23:21Z")
Curious where you saw that statistic, I don’t think 99% is even close to accurate: > **[No, Bitcoin Ownership is not Highly Concentrated – But Whales are Accumulating](https://insights.glassnode.com/bitcoin-supply-distribution/)** > > We analyze the distribution of Bitcoin across network participants, and show that BTC ownership disperses over time and is much less concentrated than often reported. Meanwhile, BTC supply held by whales has recently increased, suggesting... The unique attribute about Bitcoin and Nakamoto Consensus is that power isn’t given based on the amount of bitcoin you own. Someone with a million bitcoin doesn’t have the ability to change the rules any more than someone with a single sat - as long as you run a node, you can continue to validate the rules of bitcoin. ---
**Author:** ![LoboGuara](https://avatars.discourse-cdn.com/v4/letter/l/54ee81/32.png) [@LoboGuara](https://community.umbrel.com/u/LoboGuara)\ **Post date:** [December 20, 2021, 10:38pm UTC](https://community.umbrel.com/t/99-of-bitcoin-is-managed-by-whales-and-institutions/5320/3 "2021-12-20T22:38:41Z")
Well @jonsyu, that’s one point of view, and the bigger the number of (small) owners, the best. Our mission is to increase the “managers”, those like the Umbrel operators. We, the 1%, need incentives to hodl some BTC and to help network alive and safety. ---
**Author:** ![socrates](https://avatars.discourse-cdn.com/v4/letter/s/3bc359/32.png) [@socrates](https://community.umbrel.com/u/socrates)\ **Post date:** [December 21, 2021, 12:39am UTC](https://community.umbrel.com/t/99-of-bitcoin-is-managed-by-whales-and-institutions/5320/4 "2021-12-21T00:39:12Z")
> **[Bitcoin distribution](https://bgeometrics.com/bitcoin-distribution/)** > > The actors in Bitcoin according to their amount of BTC Bitcoin distribution heatmap where the different actors are accumulating bitcoin in the last year is represented, the values closest to yellow… > **[Top 100 Richest Bitcoin Addresses and Bitcoin distribution](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)** > > Top 100 Richest Bitcoin Addresses. Bitcoin distribution. > **[Bitcoin price today, BTC to USD live price, marketcap and chart | CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/)** > > The live Bitcoin price today is $30,391.38 USD with a 24-hour trading volume of $14,560,280,939.48 USD. We update our BTC to USD price in real-time. ---
**Author:** ![BurdonGuster](https://avatars.discourse-cdn.com/v4/letter/b/ee59a6/32.png) [@BurdonGuster](https://community.umbrel.com/u/BurdonGuster)\ **Post date:** [December 26, 2021, 6:31am UTC](https://community.umbrel.com/t/99-of-bitcoin-is-managed-by-whales-and-institutions/5320/5 "2021-12-26T06:31:29Z")
we are slowly approaching the phase when most of bitcoins will be exchange in p2p. And it doesn’t matter the amount of bitcoin you own. If you can live without a loan and save your savings. It doesn’t matter that the whale manipulate the price. It’s a child play after all. next stop move out outside of exchange. ---
**Author:** ![Holyspawn](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.umbrel.com/holyspawn/32/565_2.png) [@Holyspawn](https://community.umbrel.com/u/Holyspawn)\ **Post date:** [December 26, 2021, 8:04pm UTC](https://community.umbrel.com/t/99-of-bitcoin-is-managed-by-whales-and-institutions/5320/6 "2021-12-26T20:04:56Z")
This is totally inaccurate and misleading, Bitcoin as currency have today at least by an order of magnitude more wealth distribuition ratio (equality ratio) than any others FIAT currency in existence. Do your own research, study Bitcoin, and stop with these fking retard FUDs.