> My first interpretation was that 2% of bitcoiners have 95% of the bitcoin
Consider how much was probably lost in the early days, from dead hard drives and such. For one specific example, bitcoin creator Satoshi Nakamoto appears to have ~1 million bitcoin sitting untouched [0] - that alone seems to be ~5% of all existing bitcoin [1] owned by one person, with an estimated 11-16% more just "lost" [also 1].
Consider how much was probably lost in the early days, from dead hard drives and such. For one specific example, bitcoin creator Satoshi Nakamoto appears to have ~1 million bitcoin sitting untouched [0] - that alone seems to be ~5% of all existing bitcoin [1] owned by one person, with an estimated 11-16% more just "lost" [also 1].
[0] https://decrypt.co/34810/how-many-bitcoin-does-its-inventor-...
[1] https://www.buybitcoinworldwide.com/how-many-bitcoins-are-th...