my irl fren who I finally was able to somewhat orange pill is asking good questions, this one in particular i never really dug too deep into, im currently digging into it but if anyone can offer any sources of data or arguments pls feel free to drop them in the replies so me n him can both learn about this

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Exchange wallets

This. But that friend is making up numbers or being lied to.

you know how it is, I sent him a list of trusted sources for him to get info from n he wanted to go about it his own way so who knows who he’s listening to on YouTube or twitter I’m glad he’s coming back n asking me if it’s true tho

Probably yes.

Also, estimate from glass node, about 5million coins are lost.

Wait until he finds out Satoshi holds about 1million.

yeah I’ve been digging into glass node data, sent him this article https://insights.glassnode.com/bitcoin-supply-distribution-revisited/ you think it’s good enough ?

That kind of hurts my feelings. I have some serious work to do.

Not really true

Who is patoshi?!

The term wallet and address get mingled often.

A user with a private key (mega password) controls a wallet (software) that can generate many public addresses (public key).

One address can hold as many Bitcoin as the user who owns control of the address wants to send to it (not recommended, bad operational security, makes you a target).

Exchanges and individuals are on the same playing field when it comes the tools available in the realm of Bitcoin’s code.

Appreciate ittt sent him this explanation!

πŸ™

That is weighted towards massive exchange wallets that are custodying millions of customers’ btc.