According to WClementeIII, Bitcoin is not becoming more centralized but instead witnessing a rise in smaller investors, in response to nntaleb's statement
community with his claim that the cryptocurrency is in the hands of big players and is, therefore, a flawed system. In a statement, Taleb went on to assert the superiority of central banking systems like the Federal Reserve, citing transparency and the influence potential of the USD system as keyHowever, analyst Will Clemente has countered Taleb's claim, arguing that the current on-chain data paints a very different picture.
Here Taleb claims that Bitcoin is concentrated in big players' hands, but let's look at the actual data: The reality is that more Bitcoin is currently held by on-chain entities with less than 10 Bitcoin than ever before and climbing rapidly.
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