Coin Knowledge


How many people actually own at least 1 Bitcoin?

26357 Views |   Notref | 09/05/2020 | Tags:  #BITCOIN #ACTUALLY OWN #AT LEAST 1 BITCOIN

Born as a currency to remove financial barriers around the world, Bitcoin has now been doing its job well, although many times it has decreased to the point that many people think this currency is the same market. Cryptocurrency schools are on the verge of collapse. However, with a limit of only 21 million BTC, only those who come early can keep themselves a significant portion of BTC.

In the following article, Notref will use the data provided by BitInforCharts to find out how the number of Bitcoin on the market is being stored. Surely many figures will surprise you.

Only 2% of wallet addresses have more than 1 BTC


As shown in the table above, there are 633,008 addresses with at least 1 BTC (total of 1.68 million coins), accounting for 2.18% of the total number of existing addresses. However, no one stipulates that a person can only create 1 wallet address, and at the same time, the numbers in the table will be very easily misunderstood if only glimpse. Therefore, we will have to dig deeper to get the actual scope.

As mentioned, figuring out the owner from the wallet address number is unthinkable. For example, one person can hold 0.8 BTC in one wallet and 0.2 in another wallet or hold 0.1 BTC each in 10 different wallets. In these cases, the addresses will have less than 1 BTC, so they will be displayed in the other rows of the distribution table - the addresses that we initially ignored. Counting at least 1BTC holders is in fact much more difficult.

There is also one more case. That's when we take the case of trust funds investing cryptocurrencies. For example, a wallet containing 10 BTC is contributed by 20 people, for example, in which case we cannot count as eligible in this article as "owning at least 1 BTC".

So it turns out this statistic is useless? Of course not, the numbers in this table can give us a basic view of the distribution of BTC in the current cryptocurrency market. From this, we can generally infer that there are 500 000 - 800 000 individuals who own more than 1 BTC.

But wait, what about the amount of Bitcoin lost?

Yes - we should not ignore this aspect. If an investor puts a BTC in a wallet and loses a password in an accident, of course, we can't count on the above criteria. In a previous article of Notref, We mentioned that about 4 million BTC have been lost forever, i.e. 23% of all Bitcoin has been mined up to now.

Therefore, if we make the calculation a little more generous, we can estimate that the number of individuals owning more than 1 BTC will range from 400,000 to 700,000 people.

If all holders of more than 1 BTC live in a community, they will form a city with the same population as Sevilla, Spain (688,711) Palermo, Italy (676,118) Stuttgart, Germany (634,830) Glasgow , Scotland (626.41) or Las Vegas, United States (583,756)

Notref is a personal blog sharing general knowledge on many topics related to social networks and cryptocurrencies. Come to Notref to find what you are looking for and share what you can share.
Color Style
Top Navbar