Over 11 Million Bitcoin Cannot Be Linked to Any Known Owner
(3 hours ago) · 1 source · Summarized by CryptoBipto
Analysis shows that more than 11 million BTC remains unlinked to any identified owner, even as institutional and Wall Street participation in Bitcoin has grown. This large share of the total supply highlights the pseudonymous nature of Bitcoin ownership and the limits of on-chain attribution.
WHY IT MATTERS
Bitcoin works a bit like a public notebook where every transaction is written down for anyone to read, but instead of names, it uses long strings of letters and numbers called addresses. Think of it like seeing packages delivered to P.O. boxes — you can see the boxes and the deliveries, but you do not necessarily know who rented each box. Even though big financial companies have started buying Bitcoin and must report what they own, the majority of Bitcoin is still held by people or entities whose identities are not publicly known. This is a core feature of how Bitcoin was designed: it is pseudonymous, meaning it offers a degree of privacy without being fully anonymous. For newcomers, this means that while Bitcoin's transaction history is open and auditable, knowing who owns what is a much harder question to answer.
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- coindesk.com
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