IT IS A COMBINATION OF EXCHANGE WALLETS, SOVEREIGN INDIVIDUALS, AND LOST COIN.
AS PURCHASING POWER INCREASES SO SHOULD DISTRIBUTION SINCE BITCOIN WEALTHY CANNOT PRINT MORE BITCOIN AND WILL SPEND BITCOIN ON THINGS THEY NEED.
Dear Matt, do you know who could be these entities that hold 92.73% of supply on just under 2% of addresses. I mean that is more than 18.1M coins!
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Discussion
YEP MATE, THOSE COINS DO NOT GIVE THEM MORE CONTROL OVER THE PROTOCOL AND THAT IS THE MOST IMPORTANT.
BITCOIN DISTRIBUTION WAS FAIR AND WHEN 93% OF THE SUPPLY HAVE BEEN ISSUED IN FIRST 15 YEARS, I GUESS ITS NORMAL THAT WE HAVE SUCH OWNERSHIP RATIO AND ENTITIES THAT GOT FABULOUSLY ENRICHED DURING THAT PERIOD.
ONWARD NEXT 15 YEARS!
They will borrow dollars against their bitcoin for as long as possible. Distribution is going to take a while