Biggest HODLers in Crypto Revealed: Crypto Exchanges

HODLing has always been ridiculed by some investors, and seen as a saving grace by others. It’s completely natural that a lot of people wanted to make a quick profit out of bitcoin and the biggest HODLers had the resources to accumulate large amounts of cryptocurrency without selling even during the $20K peak.

OpEd: Burned By Bitwala – Visa Card Money Gone When Wavecrest Wound Down
Tuesday November 19, 2019

The post OpEd: Burned By Bitwala – Visa Card Money Gone When Wavecrest Wound Down written by Richard Kastelein appeared first on Blockchain News – Blockchain News and Opinion – Tokenomics, Cryptoeconomics by Richard Kastelein I don’t often take companies to task in this business unless they are total scams or just lousy operators. In

Exchanges are the biggest #HODLers
6.7% (~$9.8B) of all #BTC in circulation is currently held on exchange wallets
Through price rallies & crashes, we see that the stockpile of $BTC on exchange wallets has consistently been increasing.
More info – https://t.co/mZE95eHagc pic.twitter.com/saWWLmJKNT
— TokenAnalyst (@thetokenanalyst) October 8, 2019

The G7 has Spoken: Global Stablecoins a Threat to the Financial System
Monday October 14, 2019

A freshly drafted report by the G7 group of nations, the so-called “global stablecoins” are a serious threat to the global financial system. Last week, according to the BBC the draft report from the G7 nations specifically described the many risks posed by digital currencies to the global financial order. It was also mentioned that

According to The Token Analyst, the biggest HODLers are accounts belonging to 8 major crypto exchanges.
The graphic in the post shows that throughout bitcoin’s relatively short lifespan, the amount of BTC accumulated by crypto exchanges has been steadily growing.
The biggest HODLers will make massive profits
By the Token Analyst’s estimations, which are based on historical and real-time blockchain data, there are roughly 1.2 million bitcoins held in the wallets of 8 major crypto exchanges. These 8 exchanges are without a doubt, the biggest HODLers and they stand to score incredible profits when bitcoin inevitably breaks the $20K record.
It seems that at the moment, Huobi Group is the crypto exchange with the most bitcoins. The battle for second place is very close between Binance and BitMEX.
Most people are unaware, but the word “HODL” was first seen roughly 6 years ago. This was around the time where bitcoin began to rapidly crash after barely touching $1000.
The word has since then been used mostly as a recommendation to wait with the sale of digital assets in times of FUD. GameKyuubi is the person who first used the word and it was actually a misspell of the word “hold”.
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Liechtenstein Parliament Passes Blockchain Act
Friday October 04, 2019

The post Liechtenstein Parliament Passes Blockchain Act written by Richard Kastelein appeared first on Blockchain News – Blockchain News and Opinion – Tokenomics, Cryptoeconomics Liechtenstein has passed The Liechtenstein Blockchain-Act, new legislation that got a green light on October 3, 2019 – that will allow the fintech industry to continue growing in this small country. 

 

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