My new animation "Lurking BearWhale" explores the continued Bitcoin ownership concentration among few holders and the roots of the blockchain art movement. The artwork consists of aerial photographs manually assembled into collages and references the first Bitcoin market manipulation in October 2014.
As of May 2020, there were 2,134 addresses (0.01%) holding 7,757,078 Bitcoin (59.25%) in their wallets. While some of these addresses are exchanges, certainly not all of them are.
More information about this artwork: https://ostachowski.com/artwork/lurking-bearwhale/
