Recipe for Disaster: Major Bitcoin Exchanges Hold 1.9M BTC

Recipe for Disaster: Major Bitcoin Exchanges Hold 1.9M BTC

With eight major bitcoin exchanges reportedly holding more than 1.925 million BTC (about $14 billion), crypto investor and entrepreneur, Trace Mayer, highlights the dangers of such massive hoards. Tweeting on Monday (December 2, 2019), Mayer reasoned that these massive BTC holdings in Bitcoin exchange wallets were a danger to the industry.