Bitcoin ownership changed massively in 2024.
More in next week’s report on Bitcoin adoption 🟠
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Need more River posts on NOSTR.
Can’t wait for the lightning report. Keep up the good work. 🫡
this is not good but inevitable...
In institutions they trust 🫣
Sad if true.
It is not the right direction if true. #bitcoin is supposed be financial freedom and sovereignty for individuals but getting a way to store their wealth for the rich.
My reading of the graph: bitcoin as means of financial freedom and sovereignty for individuals is in decline while bitcoin as means of storing wealth for the rich is raising. Not the right direction.
Bitcoin ownership changed massively in 2024.
More in next week’s report on Bitcoin adoption 🟠
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Freedom of choice. People choosing to get rekt with shitcoins at this particular time. Smart money realizing the value of ₿itcoin was always going to happen.
Disappointing to see individual holdings falling, but there is no other way for fund and ETF holdings to rise. Remember, this is number of bitcoin held, not number of individuals holding. Besides, fund & ETF holdings are mostly held by individual investors.
too bad
Where is the percentage lost in boat accidents?
Expected, but extremely disheartening nonetheless.
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We've been using our extensive knowledge of rivers to try to measure this but have found it impossible.
Good point
The ETF holdings aren't "held" by individuals.
Indeed!
"it's transitory" 
Them third parties
A good reality check for what freedom also means, (freedom to not get it, freedom to not worry about self custody, freedom to choose to be less free). Do we know details about who are those ETFs investors? I also mostly individuals this is still progress in terms of awareness.
They might be - the ETFs are most likely structured in a way that actual ownership is still in the hands of some wallet holders i.e. coinbase, but they "show" that the ETF has the coins, yet the holder is someone other than the institution, or multiple holders i.e. whales, businesses, miners, and then the ETF fund itself.
It's usually how they average down a purchase price -
Sad. People gonna get hosed while thinking they’ve done well.
Damn that was fast
Hehehe there was another chart from last year I can’t find. But yeah, tremendous selling pressure
Yeah, that's the chart I'd pushed out of memory. Shucks.
200k by Xmas day still in play 😤
If plp stop selling hehe
Guys, if you're reading this, the trick is to hold out for a higher price shh.
Yes 🔥