In the Media

Gizmodo reporter Tom McKay explores a new report co-authored by Prof. Antoinette Schoar and Igor Makarov of the London School of Economics, which reveals that 10,000 individual investors control one-third of the Bitcoins in circulation. This “inherent concentration makes Bitcoin susceptible to systemic risk and also implies that the majority of the gains from further adoption are likely to fall disproportionately to a small set of participants,” the researchers explain.