These conclusions may only be taken as indicative, subject to correction if better data is made available. 10 An investor might have multiple accounts. So the number of investors is likely to be less than the number of accounts. 11 https://www.telegraph.co.uk/technology/2021/01/22/weird-world-bitcoin-whales-2500-people-control40pc-market/ 9  others will also value and use them.
Since valuation is largely based on beliefs that are not well anchored, it is bound to have a de-stabilising effect on the monetary and fiscal stability of a country, even while it is not permitted to operate as a legal tender. 35. There are other reasons why it would be futile to regulate cryptocurrencies.