Empirical confirmation of bosonic wealth statistics in Bitcoin UTXOs (opens in new tab)

Digitalisation transforms money from distinguishable physical objects into fungible informational units. A recent theoretical framework predicts that such indistinguishable wealth obeys bosonic occupancy statistics, leading to geometric ownership distributions and enhanced inequality. Using Bitcoin blockchain data, we test this prediction on 63 UTXO denominations across 72 monthly snapshots (2018--2023). A one-parameter geometric model describ...