I wonder if there is any collusion among the top 2000 addresses. Mind you one person can even have multiple addresses.
And yet, the wealth inequality in cryptos, especially bitcoin, makes our current economic situation seem like child's play. If bitcoin ever does go "to the moon", we will have a small, few mega-wealthy elite who did hardly anything to build that wealth, while the rest of the world missed the boat.
It's a common way of selling get rich quick scams; having a handful of people who have gotten rich quick provides a veneer of plausibility. (Including, but not limited to, Ponzi schemes.)
There is simply no reason wealth holders are going to turn over real wealth to folks who happened to get in early to Bitcoin.
This reflects that Bitcoin is not real currency. It’s a digital token, with artificial scarcity. Since the core protocol has remained relatively secure, it allows it to serve as a pure commodity for the purpose of market speculation.
That’s the only thing driving the increase in price. Exponential gains (in dollar price) cannot continue. Therefore, the speculative motivation will leave the market. Probably the price will fall very soon.
Once the price resets to a lower price point,speculative demand could pick up again.
I suspect that there is massive, almost indefinite amount of demand for this type of speculative gambling. So, unless government steps in, we will see this constant, churning rise and fall distributed between the population of digital tokens suitable for this purpose.
You can see that attempts by early crypto coin holders to “cash out” and lay claim to their nomitive wealth in the real world, in any significant amount, hasten the “break” in the speculative mania cycle.
I’ve called the top here for Bitcoin, I don’t think it will break $20k.
People active in Bitcoin find this hard to believe, but as an example from “meat space,” the price of Beanie Babies never climbed after its big crash. (My to the shock of these “beanie bag” holders, I presume.)
Just look at the full historic price of USD:BTC in a log graph and you'll see what I mean.
I would bet my life on it.