Cryptocurrency Q&A
How much Bitcoin do you need to be a whale?
How much Bitcoin do you need to be a whale?
CryptoEnthusiast
Mon Dec 23 2024
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5
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1174
I'm curious about the amount of Bitcoin required to be considered a 'whale' in the cryptocurrency community. I want to know the threshold for holding a significant enough amount of Bitcoin to have a notable influence in the market.
5 answers
Michele
Wed Dec 25 2024
Their influence on the market cannot be overlooked. As of the end of May 2022, Bitcoin's market capitalization reached almost $609 billion.
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Giuseppe
Wed Dec 25 2024
A Bitcoin whale represents one of the significant holders of Bitcoin.
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Raffaele
Tue Dec 24 2024
The term "Bitcoin whale" is not universally defined. Different sources may provide varying thresholds for what constitutes a whale.
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CryptoVisionary
Tue Dec 24 2024
However, a commonly accepted definition is a wallet that holds at least 100 Bitcoins. With the current price, this translates to approximately $3.2 million worth of Bitcoin.
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Federico
Tue Dec 24 2024
BTCC, a leading cryptocurrency exchange, offers a range of services catering to the needs of Bitcoin whales and other investors. These services include spot trading, futures trading, and a secure wallet for storing digital assets.
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