As the leaders of the establishment descended on the Swiss town of Davos for the World Economic Forum, a select few are reaping the benefits of early adoption and their technology Bitcoin and Blockchain are threatening the status quo.
Creating a New World Order
Data shows that real Crypto wealth is concentrated in the hands of a few early adopters. Coinbase reportedly has 13 Million account holders but it is estimated that 95 percent of the wealth is held by 4% of the owners.
According to a report on Bloomberg, there are 1000 Bitcoin addresses controlling more than 40% of the wealth and more worrying, they have the ability to manipulate the prices – Click here to read about the Bitcoin Whales
The cryptocurrency community is centered around a tight-knit group who keep in touch via internet message boards and crypto conferences.
So who are the lucky ones?
Well, firstly we have Satoshi Nakamoto, the founder of Bitcoin who squirreled away one million Bitcoins.
Recently the founder of Ripple briefly became richer than Mark Zuckerberg of Facebook.
Meet the Ripple Billionaires – Click Here
Then there are those who are anonymous, like the donor who set up a $86 Million charity called the Pineapple Fund.
Someone also spotted a Tesla with a BLOCKHN number plate.
Bitcoin and Blockchain are disrupting Finance
Banks and government regulators are getting worried as they fear losing their iron grip on the world financial system and they are starting to fight back against Bitcoin disruption:
Interesting times ahead…
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