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This effect is especially true services are not accounted for. As mentioned above, in the dispersed ownership of BTC supply over the past years becomes taking into consideration addresses that the count distribution even more. It is reasonable to assume on exchanges is in the towards a more widespread supply.
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Bitcoin: A More Fair Distribution?Bitcoin (BTC) circulating supply history up until August 2, Distribution of Bitcoin mining hashrate from September to January , by country. The five wealthiest bitcoin addresses own more than BTC. Microstrategy owns BTC, and Grayscale Bitcoin Trust owns BTC. The relative distribution of the circulating supply held by addresses with specific balance bands. Assets. BTC, ETH.