Navigation menu
With one study suggesting ~25 million cryptocurrency traders outside the USA & Europe, it seems quite likely there are over 100 million owners of bitcoins. If true, it means about 1.3% of the world's population owns bitcoin. Bitcoin wealth distribution The governing body making this decision denied Bitcoin Co's request for the license, saying that Bitcoin is not a currency. The board allowed Bitcoin Co to present their case that Bitcoin is currency and to potentially have their application re-evaluated.
How many addresses own 1 bitcoin
But that doesn’t mean that price won’t pullback to lower levels. Rekt Capital Despite crypto's growing popularity, relatively few people own a large chunk of bitcoin, making the digital currency much more vulnerable to large price swings from week to week, Makarov and Schoar said in their study. Makarov and Schoar collected data from bitcoin's inception 13 years ago to the end of 2020, when there were roughly 15 million bitcoin in circulation. There are 19 million bitcoins currently in circulation, according to Blockchain.com data. The maximum number of bitcoins that can ever exist is 21 million.
Doesn't Bitcoin unfairly benefit early adopters?
I've previously discussed some aspects of Bitcoin's timestamping mechanics. Suffice to say that Bitcoin's security and game theory around timestamps is quite elegant. Share this article On the other hand, there are addresses owned by exchanges that hold thousands of bitcoins. These bitcoins belong to many thousands of people and many of them own more than one bitcoin in that address. In the chart, below, you can see the number of addresses containing 10,000 BTC or more. Many (if not most) of these addresses are large custodians holding bitcoin for many people.