The question that may be hovering around your head lately “Who owns the most bitcoins?” You’ve heard the question asked many times before from all sorts of people ranging from beginners interested in learning more about the elusive bitcoins to seasoned investors who’ve been investing in this virtual currency for some time. There is a simple answer to this question, and it has everything to do with how the value of this currency has been steadily growing over time. There are two primary sources of demand, and these are actual users and businesses who accept and make use of this alternate mode of payment known as the bitcoin system.
The Winklevoss twins made a very public declaration that they own most of the bitcoins in circulation, although there have been disputes ever since about their exact worth. At the current time, the market cap of this burgeoning Marketplace is north of a whopping $75 billion. Villas for sale in dubai, This valuation puts it far and above the market cap of other lesser-known currencies, including the Canadian dollar, British pound, Japanese yen, and the Australian dollar. Even with recent fluctuations, it is still considered a beautiful investment opportunity.
While this is a remarkable statistic, one must take a step back and ask, “What is the value of a cryptographic ledger that is maintained and operated by a group of techno-savvy and computer-literate hackers?” And, just like any good investor will do before investing in any venture, an investor needs to do their homework and research the Marketplace before making large sums of money or purchasing even the most lucrative properties. Therefore, to answer the question, “Who owns the most bitcoin?” we need to determine what drives the market and what the major players are doing to gain market dominance in this highly volatile Marketplace.
One of the most prolific and active players in the world of bitcoins is the Winklevoss twins. You’ve probably heard of them from the news, but the twins are the founders of a company called Pantera Capital. They currently hold a mere 4% of the world’s bitcoins. They can amass such a significant amount of wealth due to their successful marketing strategy of Caution Trading. This is a unique form of trading that uses a self-imposed cap on buying and selling portions of the currency, thus preventing the twins from incurring significant losses as the price fluctuates.
Pantera Capital markets its clients an entire suite of software real estate with cryptocurrency, which they dub “The Marketplace.” The Marketplace consists of websites that allow users to exchange different currencies without ever leaving their home or business. The software also provides for “Buy and Sell” functionality to be incorporated into the exchange process. Although the Marketplace was developed and marketed by the Winklevoss twins, the company does not control the currency marketplace, instead of relying on an external broker to handle all of its transactions.
So, just what is the “Marketplace”? It’s just a giant virtual marketplace where all types of people can buy and sell various objects, including bitcoins. Pantera Capital markets its services to anyone interested in trading in this “liquid currency,” though they require some experience in the field. You’ll also need to know how to read a few simple financial graphs and charts to determine the value of your coins. If you think you have the ability, you can try out the demo account provided by the site.
There are several ways in which the Marketplace works. When you buy a new coin, you will be asked to specify the buying price by providing specific information. The Marketplace then transfers the request to an exchange that allows you to place a buy order for the particular coins. Once you enter the purchase order, the market will transfer the requested funds directly to your online trading account. You can then check your online dashboard to see which coins are being sold and which ones are being bought.
So the next question is: who owns the most bitcoins? There is no conventional, physical way of knowing. That’s one of the reasons why it’s best to rely on a virtual exchange like the Pantera Market to handle all of our private money exchanges. You’ll never be held ransom to any one party – at least not while you’re engaging in this exciting enterprise.