Which country holds the most Bitcoins
Mostly people will answer it’s China, because China has the biggest Bitcoin market.
And there’re a lot of miners in China.
Which country holds the most Bitcoins
Mostly people will answer it’s China, because China has the biggest Bitcoin market.
And there’re a lot of miners in China.
Three Countries With the Largest Number of Bitcoin Miners
Bitcoin mining is a process that both adds transactions to the cryptocurrency blockchain ledger but also unlocks new Bitcoins into the system. The process involves using computer power to solve complex mathematical puzzles. Bitcoin mining is an essential process in Bitcoin security – the complexity and effort makes the cryptocurrency system less vulnerable to attack.
https://blog.iqoption.com/three-countries-with-the-largest-number-of-bitcoin-miners/
Satoshi Nakamoto
Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation.[1] As part of the implementation, they also devised the first blockchain database.[2] In the process they were the first to solve the double-spending problem for digital currency. They were active in the development of bitcoin up until December 2010.
https://en.wikipedia.org/wiki/Satoshi_Nakamoto
Indeed. China is full of whales which affect the bitcoin price a lot. There are also a lot of miners in China who profit off free or cheap electricity. I guess USA would be the largest bitcoin user in terms of amount of users though.
But China definitely holds the most bitcoins.
bitcoin mining farm
Asia biggest Bitcoin & Ethereum mining company coming to the US
Chinese company:
https://www.youtube.com/watch?v=0UhOth8zfYw