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Quick Look at Richest Bitcoin Cash (BCH) Addresses. Who Are These Whales?

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  • Alex Dovbnya
    📊‍ Infographics

    You have👆 ✔️  to own 20,000 BCH in order to end up on the ‘Rich List,’ but the biggest whales ✋️ 🐋are incredibly wealthy

Quick Look at Richest Bitcoin Cash (BCH) Addresses. Who Are These Whales?
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Contents

Bitcoin Cash is a controversial Bitcoin spin-off that attempts to solve BTC’s scaling problem by increasing the block size. This allows the coin to reach higher mainstream adoption because of higher transaction speed. Despite the forking that took place in November, BCH is still holding up strong, occupying fourth place on CoinMarketCap.

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Top 10 Richest Bitcoin Addresses: Here’s Everything That We Know About Their Owners

Meet Bitcoin Cash whales

The richest BCH wallet holds more than $195 mln, which is 2.65 percent of the total supply, according to data provided by BitInfoCharts. This is a relatively new wallet that was created on January 25, and it has frequent transaction movements.

It is worth noting that this is the only address that boasts eight-figure numbers. Overall, only seven addresses hold more than 100,000 BCH ($40.8 mln at the time of writing).

It is now exactly clear who owns these wallets. However, it is reasonable to assume that ‘Bitcoin Jesus’ Roger Ver, Calvin Ayre, and Jihan Wu could hold the heftiest BCH bags. As reported by U.Today, Ver revealed that he sold his Bitcoin holdings for Bitcoin Cash, which occupies the lion’s share of his investment portfolio.

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Joining the ‘one percent’ club

Speaking of the distribution of Bitcoin Cash, you only need to own more than 1 BCH ($414.87) at the time of writing in order to end up among the top 1.97% of the wealthiest owners. For comparison, your net worth has to exceed $770,000 in order to be in the ‘one percenter’ club in the US.

It appears that the lion’s share of BCH holders simply dabbles with the cryptocurrency.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Craig Wright Could Be Real Satoshi, According to Founder of First Chinese Crypto Exchange

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    Bobby Lee, the creator of the BTCC exchange, says that Craig Wright needs to come forward with more proof, but he won't dismiss his claims

Craig Wright Could Be Real Satoshi, According to Founder of First Chinese Crypto Exchange
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Self-proclaimed Satoshi Craig Wright is an odious figure within the cryptocurrency space with very few big-name supporters apart from gambling tycoon Calvin Ayre. 

However, there is one reputable voice that doesn't want to automatically dismiss Craig Wright's claims -- Bobby Lee, the creator of China's very first cryptocurrency exchange BTCC. 

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According to Lee's recent tweet, he doesn't rule out the possibility that Craig Wright could be the real Satoshi, but the Australian entrepreneur has to come forward with further proof. However, he claims that Jon Matonis of Cypherpunk Holdings saw Wright signing a transaction with real private keys. 

Wright came out as the creator of Bitcoin back in May 2016 with major media organizations quickly picking up the story. Multiple prominent crypto figures, including Gavin Andresen and Jon Matonis, confirmed the validity of his claims.

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Another Fake Satoshi Gets Exposed by Crypto Twitter: Details

Another Fake Satoshi Gets Exposed by Crypto Twitter: Details

Together with business partner Dave Kleiman, he supposedly created Bitcoin, the first cryptocurrency, but Wright wanted to be regarded as the only Satoshi after Kleiman's death. He even went to extreme lengths by threatening random Twitter users with legal actions over calling him a fraud.      

Back in 2018, Ira Kleiman, the brother of the late computer forensics expert Dave Kleiman, sued Wright and ended up winning the long-lasting court battle. However, the nChain chief appears not to have access to half of the 1.1 mln BTC he mined together with Kleiman to finance the settlement.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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