A bitcoin whale is a cryptocurrency term that refers to individuals or entities that hold large amounts of bitcoin. Whales hold enough cryptocurrency that they have the potential to manipulate currency valuations.
KEY TAKEAWAYS
The three largest bitcoin holdings comprise 3.07% of all bitcoin in circulation and represent a value of approximately $27.8 billion in September 2021.1
Bitcoin whales are like other majority asset holders: their movements have outsized impacts on the bitcoin market, either through increased volatility, decreased liquidity, or a combination of both.
The biggest bitcoin whales are Satoshi Nakamoto, the inventor of bitcoin, the Winklevoss twins, and venture capitalists like Tim Draper and Barry Silbert.2
KEY TAKEAWAYS
The three largest bitcoin holdings comprise 3.07% of all bitcoin in circulation and represent a value of approximately $27.8 billion in September 2021.1
Bitcoin whales are like other majority asset holders: their movements have outsized impacts on the bitcoin market, either through increased volatility, decreased liquidity, or a combination of both.
The biggest bitcoin whales are Satoshi Nakamoto, the inventor of bitcoin, the Winklevoss twins, and venture capitalists like Tim Draper and Barry Silbert.2
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