Cryptocurrencies

Who Owns All the Bitcoin? Those Who Got Into Crypto Early

The early entrants into digital assets scooped up much of the wealth. And the volatility along with it.

Photographer: Angel Garcia/Bloomberg
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Since the founding document that led to the invention of Bitcoin first appeared in 2008, Bitcoin’s true believers have adopted a philosophy that resembles “one for all and all for one” (or at least, all who believe in Bitcoin). Bitcoin is often touted as a means of improving financial inclusion, an invention that allows people oppressed by their governments to maintain or reclaim a sense of freedom. In Bitcoin, everyone’s equal - or so the theory goes. But does the theory match the reality of the ecosystem?