Distribution of bitcoin ownership. Analyzing the Distribution of Bitcoin Ownership.

Distribution of bitcoin ownership We used the following Bitcoin ownership distribution from the Bitcoin rich list: Balance, BTC Addresses % Addresses (Total) Coins USD % Coins (Total) (0 - 0. But inaccuracies in reporting could alternatively mean current “We analyze the distribution of bitcoin across network participants, and show that BTC ownership disperses over time and is much less concentrated than often reported,” the Glassnode analyst said. The United Arab Emirates (UAE) boasts the highest rates of crypto ownership globally. Not only is stability important, but the overall wealth distribution is also meaningful. Bitcoin’s pseudonymous creator, Satoshi Nakamoto, had the idea for a decentralized P2P payment system based on a digital currency that was Shows the complete history of Bitcoin ownership patterns; Helps identify accumulation and distribution phases; Reveals how different holder groups behave during market cycles; Only possible due to Bitcoin's transparent blockchain; The information provided is for educational and informational purposes only and should not be considered financial This chart shows the percentage of Bitcoin owned by different groups of holders, based on the size of their holdings. It is with good reason that we should closely examine bitcoin’s ownership distribution. Among those, 27% would consider investing in It is also worth noting that the distribution of Bitcoin ownership is heavily skewed, with a small number of large holders, often referred to as "whales," holding a significant portion of the total Bitcoin supply. To many of them, Bitcoin is a first-generation technology and, as such, it is plagued by a lack of transactional throughput and feature richness. Notably, the pseudonymous creator of bitcoin The Accumulation Trend Score for Bitcoin has hit its lowest point since October 2023, signaling a significant shift from accumulation to distribution among various wallet cohorts. Bitcoin Wealth Distribution: A large proportion of Bitcoin wealth is held by a small number of wealthy addresses, with many wallets holding over 1 BTC. In this graph we can conclude that the most addresses with BTC in it have between 0. These major bitcoin holders possess substantial amounts of bitcoin through their bitcoin wallets, with the top 100 holders of bitcoin owning a considerable share of the total bitcoin supply. This, in turn, can promote wider cryptocurrency distribution and usage, reducing concentration and fostering a more democratic Bitcoin ownership distribution. 002625 BTC per person is a too egalitarian estimation Bitcoin Distribution by Country. Employing panel History of Early Bitcoin Distribution: To understand Bitcoin's distribution of wealth, it is essential to revisit its early days. On the left is a ball representing all 460 million bitcoin addresses to ever have a balance greater than 0. 001 BTC ($6. 9% of all the bitcoin supply is currently held by Funds and ETFs, with the vast majority in the hands of roughly 82-130 million individuals. The ownership and operation of bitcoin is determined by participants in an online, peer-to-peer network sometimes referred to as the “Bitcoin Network”. The source code for the Bitcoin network and related software procotol is open-source, and Analyzing Bitcoin's Address Distribution And Ownership At The Time Of Writing. Currently, over 93% Analyzing the Distribution of Bitcoin Ownership. This graph shows how many Bitcoins have already been mined or put in circulation. There have been arguments however on the ownership of these Bitcoin assets due to the absence of hard evidence as a good volume of the funds were seized. Winklevoss twins: Cameron and Tyler Winklevoss own approximately 70,000 BTC. The mysterious creator of the first blockchain, Satoshi Nakamoto, aimed to introduce P2P electronic cash with an autonomous Introduction to Bitcoin Ownership Evolution. They actually had higher rates of ownership in 2022 than in 2021. This guide explores Bitcoin ownership, distribution, and its current state in the market. MicroStrategy, with 439,002 BTC, accounts for 76. 2020-2024 Global malware attack vectors 2018-2023 As the Bitcoin network keeps changing, so too will the community, regulators, and corporations realize that rising concentration of Bitcoin ownership means a lot to it. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. As Bitcoin gains traction globally, exploring the distribution of Bitcoin ownership and understanding the dynamics at play is essential to completely understand Web3 dynamics. Having miners concentrated in one specific country can easily create volatility. Bitfinex, for example, holds over 18,000 bitcoins in one address. It will be fascinating to see how this chart looks in five years. Source: River. com How Many People Have Heard of Bitcoin? 2021 data shows that approximately 89% of American adults have heard of Bitcoin. result of the collapse of FTX, given that rates of ownership were similar in August and December. A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed. According to CoinMarketCap, about 64% of DOGE and 38% of ETH is held by addresses with at least 0. The State of Bitcoin Ownership in 2025. The United States Bitcoin Wealth Distribution. 73 billion. On today’s show we talk about Ownership distribution of gold and bitcoin with writer and Bitcoin influencer, Vijay Boyapati. These coins were mined during Bitcoin’s early days when network difficulty was minimal, and mining yields were high. The remaining part of the seized BTC came from the Silk Over 10% of Americans 18-40 now reportedly own bitcoin, suggesting early-adopter demographics. Another 21. Why is the distribution of Bitcoin ownership important? Bitcoin's founder Satoshi Nakamoto envisioned it as an egalitarian P2P payment network. As of mid-2023, addresses controlled by Bitcoin whales have seen a slight decrease in their share of the circulating Bitcoin supply, moving from 41. Introduction to Bitcoin ownership. Note that if we were to rank countries based on their actual number of crypto owners, India would rank first at 93 million people, China would rank second at 59 million people, and the U. The top 10,000 individual investors in Bitcoin control Let’s explore critical aspects of Bitcoin ownership, utilizing data from IXFI’s Coin Info Center. Notes. Photo by Traxer on Unsplash Cryptocurrencies are disrupting the finance industry and influencing monetary policies across various countries, leading to increased concerns for governments, central banks, and international institutions. Only about 3. However, the actual prevalence of cryptocurrency ownership and usage, the users’ socio-demographics, the motives to buy, and the popularity of and knowledge about cryptocurrencies have not been sufficiently researched. Demystifying Bitcoin's Ownership Landscape Bitcoin distribution rich list. In this report by Coinpedia, we have compiled a list of top countries holding According to crypto analysis firm Chainalysis, the marketplace accounted for over 20% of Bitcoin’s daily transactions at one point in time. According to Foresight News, Bitwise has released its market review for the second quarter of 2024, revealing the distribution of Bitcoin ownership. The cryptocurrency, being the world’s oldest and largest, is designed to reach a maximum cap of 21 million bitcoins. The UAE Takes the Top Spot. 60 billion, making it one of the largest institutional investors in Bitcoin. The geographical supply distribution of Bitcoin it is an on-chain metric of great interest that it is showing us an update in entities ownership regarding Bitcoin. Meanwhile, BTC supply held by whales has recently increased, suggesting institutional investors are entering. ” In 2021, El Salvador was the first country to make BTC a legal tender, making it mandatory for all local businesses to accept payments in BTC. BRL Working Paper Series No. View Chart. However, looking to US entities supply distribution, the trend is declining constantly since mid-2022. What Bitcoin Whales Are Doing Now Current Distribution and Market Behavior. After all, the more BTC someone holds, the greater their potential influence on the coin's price and the market as a whole. Potential Implications for Bitcoin’s Market Dynamics. Crypto and financial literacy of Bitcoin owners: Long-term versus recent. Bitcoin remains the most popular cryptocurrency, with an estimated 219 million owners globally as of late 2022. In the past year, every global region saw ownership grow amid increasing investor confidence and more supportive regulatory environments. This marks a significant shift in the distribution of Bitcoin ownership. 9 BTC, representing about 1. EDT, bitcoin is trading at $100,297 per coin, making it the seventh-largest asset globally by market capitalization, with a total valuation of $1. Bitcoin ownership data offers valuable insights into how digital Services can hold bitcoins in one address that belong to many people. 01%) of Bitcoin owners control nearly one-third of the total Bitcoin supply. 7, 2024, at 3:25 p. A significant majority of Bitcoin holders are small investors, as approximately 74% of Bitcoin Satoshi Nakamotois the anonymous creator of Bitcoin, but he doesn’t own the Bitcoin project. More than a decade later, the landscape of Bitcoin ownership has shifted dramatically, with The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In the United States alone, around 22% of the population owns Bitcoin. (River) Robinhood is the Bitinfocharts data from March 2023 reveals that there are around 827,000 Bitcoin addresses, each holding at least one Bitcoin, accounting for about 4. Trends in Bitcoin Ownership To better understand these numbers, it is also worth mentioning that 6 million Bitcoins are officially considered irretrievably lost. Yet the USA is far from the only country that claims ownership of shares in the crypto market. How many Bitcoins does MicroStrategy You may have read the headlines about bitcoin’s present distribution being concentrated among just a few whales. So, who owns the most bitcoin? In conclusion, the distribution of Bitcoin ownership is concentrated in a few key entities. The Future of Bitcoin Ownership. This section will explore various facets of Bitcoin ownership, including who owns Bitcoin, how it is used, and the trends shaping its adoption. Source: HartfordFunds, Simplilearn, Fool, Fortune, BuyBitcoinWorldwide. The current distribution of 21 million bitcoins is as follows: Individuals: 13 million bitcoins; Lost: The ownership information presented in this blog text is based on data available at the time of the blog’s publication (September 17, 2024). A popular theory is that Satoshi deliberately chose not to use his bitcoins to avoid market influence and emphasize Bitcoin’s decentralized nature. The list below reveals the top 10 governments with the highest ownership of Bitcoin: 1. 98 trillion Distribution of Bitcoin mining hashrate from September 2019 to January 2022, by country. However, the narrative of ownership distribution is more complex than it appears. e. The report reveals that 74% of Bitcoin (BTC) owners currently hold less than about 0. Bitcoin ownership per wallet shows a vast disparity in ownership relative to how many Bitcoin wallets hold a balance. Satoshi Nakamoto – the founder of Bitcoin – owns 1. Silk Road closed when the Federal Bureau of Investigation (FBI) arrested its founder, Ross William Ulbricht, shut down the website, and seized about 173,991 Bitcoins ($18. Currently, the USA owns the most Bitcoin, approximately 215,000 BTC. Bitcoin’s distribution by country provides a snapshot of its global reach and adoption. Token Distribution Ultimate Guide – Maximizing Your Crypto Project's Success in 2024 Discover how to excel in token distribution with TokenMinds' concise guide. Source: CryptoNews, NewsBTC. Note: This figure shows the share of long-term and recent Bitcoin owners in each category of crypto literacy (left) and Additionally, the ongoing accumulation of bitcoin by early adopters, miners, and new investors will continue to shape the distribution of bitcoin ownership. Critics often point out a seemingly skewed ownership distribution in bitcoin, where a significant portion is held by a small percentage of entities. 1 million bitcoins. Not surprisingly, Satoshi Nakamoto, Bitcoin’s architect and premier miner, is the biggest individual holder, with an estimated 1. Despite this, Satoshi’s bitcoins have never been moved. Preston PyshI want to pull on thi Despite the controversies surrounding its initial distribution, however, over the last seven years, new coin issuances from PoW mining has succeeded in diluting ~68% of total premined supply, making Ethereum’s native token one of the most distributed, decentralized tokens next to Bitcoin in the entire crypto ecosystem. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. The article was written in response to circulating reports that Bitcoin's network is highly centralized, based on the statistic that a mere 2% of wallets control 95% of Bitcoin is a digital asset. would rank third at 52 million people. For years already it has been possible to buy bitcoins in the exchanges as well as sell them, and (to some degree) to exchange them for goods and services. In the dawn of Bitcoin's invention, when the mysterious Satoshi Nakamoto first mined the so-called 'genesis block' back in 2009, Bitcoin ownership was a novel concept, restricted to a tight-knit group of early adopters. As a result, Bitcoin's distribution has been relatively egalitarian, with early adopters and miners being Bitcoin Ownership Distribution Most of the ownership (over 59%) of Bitcoin lies on addresses holding over 100 BTC each, but the majority of Bitcoin addresses (25. Is it similar to traditional currency such as the USD where the top 10% of individuals own 80% of the currency? On the one hand, I think it's great that the value of bitcoins seems to be doing very well at the moment. Image via Bitcoin. Both are relevant for assessing bitcoin’s fairness and its suitability as a monetary network for all. Its ownership is still concentrated in just a few hands. Fund or ETF owners account for 5. Rafael Schultz Bitcoin mining and its environmental costs 08:17. 01 BTC, equivalent to around $350 as of November 6th, 2023. 54 BTCFloor Range Value (ICO) that could have concentrated the distribution of coins among a few early investors. 1 million BTC, a whopping $78 billion value as of As you may be aware, Bitcoin’s supply is not limitless. Examining the wealth distribution in Bitcoin Cash may allow us to better understand the potential impact of multiple forks on wealth distribution. 0 BTC. Estimating the Number of Bitcoin Users in A decade after the launch of Bitcoin, cryptocurrencies are maturing from a niche phenomenon and appealing to a broader audience. Explore the potential implications of this trend on Bitcoin's market dynamics. The most even gender distribution was found Bitcoin. The USA ranks third with 28 million Bitcoin owners, while Brazil and Indonesia report substantial numbers, with 25 million and 23. Open chart BTC Distribution Coin Open chart Bitcoin Whale Accumulation Heat Map Evolution in the last The chart shows the disproportional distribution of Bitcoin ownership. The post Analysis of Bitcoin Ownership Distribution appeared first on COINTURK NEWS. Questions like “who owns the most Bitcoin?”, “how many Bitcoins are left to mine?”, and “how many people own Bitcoin?” reflect its growing popularity. Bitcoin's creator, Satoshi Nakamoto, initiated the cryptocurrency with the Genesis Block in Annual distribution of cryptocurrency losses worldwide 2021-2024, by type Quarterly value of fraud loss across different payment methods in U. But make no mistake: Bitcoin’s uniqueness goes far beyond the scope of I was wondering if there is any information out there on how bitcoin ownership is currently distributed. The Bitcoin blockchain answers to Key takeaways Largest individual Bitcoin holders. Bitcoin’s pseudonymous creator, Satoshi Nakamoto, had the idea for a decentralized P2P payment system based on a digital currency that was universally accessible for purchase, storage, and use. , 0. 5 Estimation of bitcoin ownership distribution. Skip to When looking at the Related: The last Bitcoin: What will happen once all BTC are mined? “If 100% of Bitcoin is in the hands of the few, it is likely that interest and development on the network would fade,” she said. m. Some countries have embraced Bitcoin more fervently than others, leading to The actors in Bitcoin according to their amount of BTC New page Bitcoin distribution. Bitcoin is pretty much the first cryptocurrency and, with a market cap of $540. Glassnode recently published a Bitcoin distribution chart that looked at how much each group holds as of January 2023 and compared it with a similar chart from February 2021. The list below shows only Bitcoin mining companies. This phenomenon highlights the evolving landscape of financial investments in the country, with more individuals seeking to diversify their portfolios and leverage the potential benefits of cryptocurrencies. 5 million bitcoin — nearly a third of the 18. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. 1% of the total supply, compared to just 9% of all Bitcoin. The control of the Bitcoin market is heavily influenced by a small number of significant players known as bitcoin whales. Let’s look at the example of Satoshi Nakamoto: he distributed his coins to multiple wallets, which helped decentralize ownership and increased the network’s security. Could someone guess on the most likely current Bitcoin ownership distribution? Are most bitcoins still owned by (early?) mining enthusiasts who are waiting for the price to go even higher? Figure 3a presents crypto literacy distributions based on Bitcoin ownership and gender. The Bitcoin reward is divided by 2 every 210,000 blocks, or approximately four years. Elevate your crypto project now! A lot of theories have emerged on why Bitcoin has skyrocketed almost 60% in the past month, with most heralding widespread adoption by institutions and individuals. Bitfinex is a Bitcoin exchange with millions of customers. As more individuals and institutions enter the market, the distribution of Bitcoin holdings may become more diversified. For liquidating distributions, the partner’s basis in the property will generally be equal to the basis of their partnership interest. The top 1% of Bitcoin holders Significant wealth disparity observed. 5% of all Bitcoin network addresses. Last week, China decided to close its bitcoin exchanges, which caused investors around the world to panic about the currency’s long-term viability. Debate on Bitcoin's decentralization. In 2024, India leads global Bitcoin adoption with 75 million users, followed by China with 38 million. As you can see, the distribution is very unequal. The Bitcoin Network connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the Bitcoin The current global distribution of wealth shows a glaring disparity, and the same holds true for Bitcoin ownership. 01% of its owners, Bitcoin's value and wealth distribution are closely watched by analysts, brokers, The Satoshi Action Fund researchers counter this claim by highlighting the broad distribution of Bitcoin ownership. In conclusion, the ownership of bitcoin in 2024 is The US National Bureau of Economic Research (NBER) revealed three components of the Bitcoin ecosystem to comprehend the essential variables underlying the digital asset's distribution, ownership, and concentration in a report titled ‘Blockchain Analysis of the Bitcoin Market' by Igor Makarov and Antoinette Schoar. Decentralization and Lack of Central Authority. As the price of bitcoin has more than doubled this year, global crypto ownership has increased by 33% since 2023 alone. It dispels the notion that BTC is concentrated in the hands of a select few, highlighting its accessibility to a global retail audience. If we treat each address as a person, this would be B itcoin’s surging popularity hasn’t changed one of its original attributes. No matter where anyone is, they can buy, store, and use BTC on the internet. Premium Statistic Cryptocurrency ownership distribution in Russia in 2020, In summary, a discourse among politicians, media elites, and social media users that politicizes Bitcoin ownership is highly misleading. Apparently you need 0,2 #BTC to be in the Top 5% of HODLers. To gain a clearer picture of who owns Bitcoin and the potential implications for the market, it's essential to analyze the distribution of ownership among various entities. In a blog post published on Tuesday (February 2), the Glassnode CTO referred to a Bloomberg report (from last November) titled “Bitcoin Whales’ Ownership Concentration Is Rising During Rally. Seeing as there are only 21 million BTC in existence, your immediate next thought might have been “Who owns the most Bitcoin in the world?” or “I wonder how much BTC the largest Bitcoin wallets hold”. Why Is the Distribution of Bitcoin Ownership Important? The Bitcoin blockchain is not subject to any government, bank, or corporation. S. Current State of Bitcoin Holders. At the moment, Bitcoin boasts a market cap of $1. Ownership of Bitcoin among investors in the U. The total supply of BTC is limited and pre-defined in the Bitcoin protocol at 21 million, with the mining reward (how Bitcoins are created) decreasing over time. Gender Gap in the Ownership and Use of Cryptocurrencies: Empirical Evidence from Spain. 3 million) holding less than one Bitcoin (omitted in the distribution graph below). Bitcoin ownership is widely distributed across a variety of groups, according to an update from Grayscale. Bitcoin Mining Companies that Own Bitcoin. Michael Saylor: The CEO of MicroStrategy personally Despite a growing Bitcoin price and increasing global interest in cryptocurrencies, U. 2%) hold between 0. Canadian Bitcoin Ownership Growth. One of those is that the distribution of Bitcoin wasn’t ‘fair,’ particularly in the earlier stages of network development (but) Satoshi set out to design the fairest system possible. This wide distribution suggests that Bitcoin is held by a broad base of individuals and institutions, which mitigates the risk of market manipulation by large holders, often referred to as “whales. Tim Draper: The venture capitalist owns around 30,000 BTC. 85% of the total Bitcoin supply. 4 billion) is distributed among the nearly 46. 97 trillion, with 19. In the image below, this idea is illustrated. As of October 2024, the top 100 Bitcoin holders control 14. 0001 BTC. The Bitcoin network is accessed through software, and software governs bitcoin’s creation, movement, and ownership. 21% of the wealth FAQs: Bitcoin Ownership How much Bitcoin does BlackRock own? BlackRock’s iShares Bitcoin Trust holds 365,186. A significant amount of media publications reporting on Bitcoin ownership concentration Understanding Bitcoin ownership. Some people claim the initial distribution of Bitcoin wasn’t “fair. 356 million BTC, worth $36. investors were not particularly enthusiastic about Bitcoin in 2018, with only two percent stating they owned one of these upcoming cryptocurrencies. ” Despite the Bitcoin network’s inherent decentralization, the distribution of wealth is more concentrated than commonly assumed. (River) Binance is the leading exchange in terms of Bitcoin holdings, with 498,147 BTC in its wallets. Similarly, the number of entities as a function of their balance reveals a power–law distribution with the bulk of entities (~22. Sources: YCharts, Blockchain. Bitcoin Ownership is Widely Distributed. This graphic shows crypto ownership growth by region in 2024, based on data from Triple-A. Among non-owners, 56 percent of males and 71 percent of females fall into the low crypto literacy category, while 28 percent of males and 43 percent of females demonstrate low crypto literacy among Bitcoin owners. 5% is accounted for by 880 people, with at least $1 mln in bitcoins. Bitcoin distribution are not static but dynamic and changes with every new Bitcoin block that contains thousands of new Bitcoin transactions. Join us as we explore the geographical distribution of Bitcoin wallet The distribution of funds across the Bitcoin network is very diverse, according to data from Glassnode published yesterday that shows a relatively even spread of Bitcoin across differently sized wallets. According to data from the blockchain analytical company, Bitcoin ownership is concentrated among the rich. Economy critics are fueling discussions on whether it fulfills the promise of a democratized financial system. These rules must be agreed upon by the network participants in In 2024, estimates show there are 106 million people who own Bitcoin. As of Dec. Finally, we analyze the ownership concentration of the largest holders of Bitcoin. Of Most bitcoins are currently owned by private individuals, with Bitcoin’s founder Satoshi Nakamoto being the largest individual holder, possessing about 1. A large portion of bitcoin is also estimated to Bitcoin ownership is a global puzzle, with the United States and China leading the way. 3% at the start of the year to 40. 0001 BTC and 0. Anyone can be a user, developer, or miner. 01 A new study has found that less than 10,000 people worldwide collectively own 5. , 2019). 79 million BTC already in circulation—nearing the maximum supply of 21 million, pointing to the Earlier this week, Rafael Schultze-Kraft, CTO at blockchain data and intelligence provider Glassnode, did an analysis of “the distribution of Bitcoin across network participants”. Assuming an equal distribution of users and Bitcoins, you would need to own approximately 0. Their holdings enhance Bitcoin’s credibility and encourage other companies to explore cryptocurrency investments. Featured We analyze the distribution of Bitcoin across network participants, and show that BTC ownership disperses over time and is much less concentrated than often reported. 5 million addresses with at least some bitcoin — but less than one — per BitInfoCharts. This decentralization offers users control over their funds but also complicates inheritance. Not accounting for exchange addresses heavily skews the distribution of Bitcoin ownership in a more concentrated fashion. Figure 9 — Distribution of number of entities with respect to their Bitcoin balance (January 2020). 23% of the Bitcoin held by public companies, worth about $46. The landscape of Bitcoin ownership is continually evolving. The distribution of Bitcoin-owning Americans across political categories looks very similar to the political distribution of all Americans across these categories. com. The distribution of when owners first purchased bitcoin helps explain the overall decline The key difference — aside from the legal versus cryptographic ownership structure — is the fact that bitcoin’s ownership structure, the UTXO set, we anticipate these trends of increased distribution and declining concentration to continue, as bitcoin’s 21,000,000 hard capped supply is divided up between the world’s For current distributions of property, a partner’s basis will generally be equal to the partnership’s basis in the property distributed (subject to certain limitations; see Example 2 below). Who owns the most bitcoin? – Photo: Parilov / Shutterstock. Bitcoin ownership is apolitical. 77 million bitcoin that thus far has been mined. The authors were able to identify individual miners by tracking the distribution of mining rewards from the largest 16 mining pools to the miners that work for them. The distribution in cryptocurrencies has reignited debates about Bitcoin’s decentralization. The potential for centralization, whether through corporate ownership or mining, could shift Bitcoin away from its original mission. Importantly, this number might Delve into Bitcoin ownership trends, address activity, and balance distribution using IXFI’s Coin Info Center. Concentrated Ownership: A tiny fraction (0. Bitcoin is fundamentally decentralized, meaning it is not governed by any single entity like a bank or government. ” I dive into the timeline surrounding Bitcoin’s launch, and provide thorough debunking of their claims. BTC distribution coin graph with all actors: Humpback, whale, shark, fish, crab and shrimp. The fact remains that there’s Bitcoin Cash is yet another example of a fork based on the Bitcoin source code; however, Bitcoin Cash was subjected to a further hard fork in 2018 with “Bitcoin SV”s creation (Kwon et al. Nobody owns the Bitcoin project. As of March 2023, the top 1% of Bitcoin addresses control over 90% of the total Bitcoin supply. Bitcoin ownership in Canada is experiencing rapid growth, reflecting an increasing interest in digital currencies among Canadians. Note that the trivial distribution 21 million BTC divided by 8 billion people, i. Entity Country Symbol:Exchange Filings & Sources # of BTC Value Today % of 21m; Marathon Digital Holdings In a recent report, Fidelity Digital Assets revealed the significant increase in the number of Bitcoin addresses holding at least $1,000 worth of Bitcoin (BTC). 7-$67). Bitcoin is popular here, and more locals have purchased Ethereum, Stellar, Litecoin, Bitcoin Cash and Chainlink. 61% of them see it as the future of Money. But how many people own bitcoin, and how is the currency Lost Bitcoin: It’s estimated that around 20% of all Bitcoin has been irretrievably lost, further contributing to its scarcity. During the Bitfinex exchange hack, a group of hackers stole 119,752 Bitcoin. #6 Fidelity Wise Origin Bitcoin Fund The age distribution of Bitcoin users in the sample is plotted in Figure 1. Cryptocurrency has been touted as a new form of digital money not tied to government or a central bank and is therefore inherently free from bias A relevant part – 44% – of the BTC seized by the US Government through the FBI came from the 2016 Bitfinex hack. It also investigates the biggest bitcoin owners in the world. 4%. Conclusion. According to the analyst, Jake Levison if you own 0. Article. Whether you’re a crypto newbie or a seasoned rug pull survivor, you may have come across the phrase “1 BTC = 1 BTC” at some point in your crypto life. Bitcoin ownership by countries can promote wider crypto distribution and reduce crypto concentration, thus fostering a more democratic ownership pattern. Bitcoin API free with on-chain data and BTC distribution in addresses. Learn best practices, tokenomics, and more. Over the past 12 weeks, this elite group of Bitcoin holders managed to acquire an additional 27,755 BTC, further solidifying their position as the dominant force in the market. , 95,000 BTC), while the others are considered lost forever. #5 Grayscale Bitcoin Trust. Similarly, retail holders are also showing signs of distribution, indicating a widespread change in ownership dynamics. Information here is In a December 2021 study, researchers from the University of Limerick estimated wealth distribution in Bitcoin ownership to show that the top . Top 10 countries with the most Bitcoin . Distribution Overview: Analyzing Ownership Percentages and Address CountsTotal . From institutional investors to individual players, explore the top Bitcoin holders, their wealth, and the trends in Bitcoin ownership. The report indicates that individual owners hold a majority of 57%, possessing 12 million Bitcoins. The 47 largest holders, each with at least $10 mln of bitcoins, accounted for nearly 29% of the ownership. 01% of addresses (N= 6952) own 58. Over 70% of Bitcoin's circulating supply is held by just 0. U. Bitcoin is software run by a decentralized network, which means no single party is in control of the set of rules in the software. 2 billion as of December 16, 2024) in connection with the The report’s key findings indicate that a significant majority of BTC holders are small investors, with approximately 74% of Bitcoin addresses holding less than 0. Bitcoin Ownership. If bitcoin ownership were to become too highly concentrated, it could lead to a situation where most of the gains from further adoption would likely fall disproportionately to a small number of holders. Only three Bitcoin addresses hold between 100,000 and 1 million BTC, totaling 577,502 BTC. As such, it is more resistant to wild inflation and corrupt banks. 1 million BTC across thousands of wallets. ” Bitcoin has been making a lot of news lately. Satoshi Nakamoto: The pseudonymous creator of Bitcoin is believed to own over one million BTC. 54% of the total supply, reflecting Bitcoin’s relatively decentralized ownership. . Bitcoin ETFs have entered the industry, but they still own just a small portion of all the bitcoin supply. Bitcoin’s limited supply and decentralized nature have made it one of the most talked-about assets globally. Only 7% of the supply (1. They note that many large wallets belong to exchanges and institutional funds that hold Bitcoin on behalf of countless individual clients, thus reflecting a more diverse ownership structure than the ECB suggests. The FBI managed to recover 79% of the stolen BTC (i. According to Odaily, recent statistics from Bitcoin News reveal that ordinary users now hold 11. The cryptocurrency shot up in value by over 200% in 2017, making many people fear that the market is in a bubble. As Dec 3, with about 12 mln bitcoins having been “mined” and assuming $1000 a coin, this is what the distribution of ownership looks like. 6bn as of 6 April 2023, it is certainly the biggest. Since Bitcoin relies on a proof-of-work algorithm, the power that Bitcoin owners have over nodes and protocol operation is essentially nil. The distribution of Bitcoin ownership is characterized by a large number of wallets with varying balances: Over $1: 46 million wallets Scrutinising Bitcoin Ownership Distribution. One of the Most Critical Aspects of Bitcoin Ownership is the Private Key. The chart shows the top two groups (Humpbacks and Whales) hold more than a quarter of the total Bitcoin supply; between them, they hold 28. 3% of all the Bitcoins in circulation. 3%, holding 800,000 Bitcoins, We build a novel database using a large number of public and proprietary sources to link Bitcoin addresses to real entities and develop an extensive suite of algorithms to extract information about the behavior of the main market participants. As Bitcoin hits new highs, its ownership dynamics have shifted, largely due to regulatory changes, depicting a diverse range of stakeholders, from early miners to major companies and individuals. 001 BTC and 0. This paper presents an original investigation into the macro determinants of cryptocurrency ownership, with a specific focus on Bitcoin. 2018 Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. 44% (100%) 18. The overall distribution trend among various wallet cohorts raises questions about its potential impact on Bitcoin’s market dynamics. If broader awareness converted into investment at equivalent rates, total eventual ownership figures in the hundreds of millions become conceivable based on global population distribution math. Many crypto market players are curious to find out who holds the most Bitcoin. 97 million bitcoins, while governments possess 500,000 bitcoins. Bitcoin also appears to have a more even supply distribution across various percentiles than other top cryptocurrencies, including Ethereum and Dogecoin. 19 Ownership, uses and perceptions of cryptocurrency: Results from a population survey Fred Steinmetz 1, 2, *, Marc von Meduna 1, 2, Lennart Ante 1, 2, Ingo Fiedler 1, 2, 3 1 Blockchain Research Lab, Max-Brauer-Allee 46, 22765 Hamburg, Germany 2 Universität Hamburg, Faculty of Business, Economics & Social Sciences, Von-Melle-Park 5, This growing ownership concentration has raised concerns over the impact on the cryptocurrency market and potential implications for decentralization. 1% of the total Bitcoin supply. 00001) 3637113: 7. US entities had an important role in the past cycles to the Bitcoin market rise. BUT what this graph not shows:. A small group of whales command a significant portion of the Bitcoin market. ” Overview of Bitcoin’s ownership distribution. Another exception was among those whose annual income is less than $30,000. Bitcoin Supply: 19,653,633. Understanding how long Bitcoin has been held in various addresses provides a glimpse into the behavior and intentions of different types of holders. As of March 2024, the distribution of Bitcoin ownership is highly concentrated. Bitcoin Distribution by Category. Grayscale Bitcoin Trust holds over 211,128 BTC, worth $22. Where Is All The Bitcoin Located? A visible look of the Bitcoin distribution data. Abstract This on-chain data analysis report presents an analysis of Bitcoin wealth distribution derived from publicly available data on the top 100 richest Bitcoin addresses. Utilizing a custom As for the second dimension listed above - the distribution of Bitcoin ownership - this undoubtedly has significant socio-economic implications but it doesn't directly affect Bitcoin's infrastructure. The coin's market dominance is such that any crypto coin that isn't BTC is classified as an altcoin, meaning that its defining characteristic is that it is not bitcoin. Overview of Bitcoin’s ownership distribution. 📊 Bitcoin Ownership Distribution. Bitcoin addresses can be categorized into three It is likely not a coincidence that bitcoin ownership is concentrated in the areas where its properties compare favourably to the often substandard local currencies and financial systems. While Bitcoin is decentralized and operates on a peer-to-peer network, certain countries have emerged as leaders in Bitcoin ownership and usage. As of March 2023, the top 1% of Bitcoin distribution is a product of a free market process built on top of a carefully thought-out mining model. 28 BTC “you're statistically guaranteed to be in the richest 1% of the world in BTC terms. But snapshot analyses miss important facts about bitcoin’s history and founding and the trajectory of its distribution. Distribution of Bitcoin addresses by time held. Indonesia This country seems more optimistic than most other worldwide owners besides Brazil. According to data from Bitinfocharts, It examines the total amount of bitcoin held by each country and looks at the geographical distribution of bitcoin across nations. xucl tzqe xusx qns qbr elvnq pbkl untyidz jzcz srsbf