Bitcoin whales: what are they

Bitcoin whales: what are they

Bitcoin whales have the potential to manipulate currency valuations.

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  • There are about 1,000 individuals, known as whales, which own 40% of the market.
  • Whales have the potential to manipulate currency valuations.
  • “Big players can easily move the price,” crypto-skeptic David Gerard told The Telegraph.
  • Visit the Business Insider homepage for more stories.

What is a Bitcoin whale?

A bitcoin whale is a term for individuals or entities who hold large amounts of bitcoin, according to Investopedia. There are about 1,000 people who own 40% of the market.

Whales have the potential to manipulate currency valuations and, given bitcoin fluctuations over the past …

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