Why You Shouldn’t Worry about Crypto Whales Crashing the Bitcoin Price
In a very informative webinar produced by Chainalysis today, the blockchain research firm made the surprising claim that crypto “whales” – individuals with more than $56 million in Bitcoin – pose no serious risk to the price of Bitcoin. What Constitutes a ‘Crypto Whale?’ In the presentation titled “Who are Today’s Bitcoin and Bitcoin Cash Whales?,” Chainalysis breaks down the types of whales into several categories including “criminal whales,” “early adopter whales,” and “trading whales.” One item of interest: Bitcoin Cash whales, on average, hold about 250% of the crypto that regular Bitcoin whales hold. The company defines a BCH
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