No More Hustleporn: Inequality in Crypto
Tweet by Zach Tratar
Banking-as-a-service at Stripe. Former co-founder of Jobstart (acquired). Angel investor. Radical centrist. No one is 100% wrong.
Fun fact: Crypto inequality is *significantly worse* than traditional wealth inequality!
The top 1% of Americans own 30.4% of total US Wealth.
The top 1% of Crypto users own 80%+ of total Crypto Wealth.
"Crypto makes us all owners" is a narrative being driven by crypto elites. For Bitcoin, the top 0.36% of wallets own 86% of all bitcoins.
Top 100 Richest Bitcoin Addresses and Bitcoin distribution
For Ethereum, the top 100 people total own 39.13% of all eth-based wealth.
For comparison, the top 100 wealthiest billionaires in the US (@elonmusk included!) own a combined 3.6% of US-based wealth.