It is difficult to determine exactly how many people own 1 bitcoin since Bitcoin transactions are pseudonymous and can involve multiple addresses. However, some estimates can be made based on blockchain data and surveys of Bitcoin holders.
According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network. However, it is essential to note that a single person or entity can own multiple addresses, and thus, the number of actual Bitcoin holders may be lower.
Additionally, a survey conducted by Glassnode in 2020 found that only 23.6% of Bitcoin holders own more than 1 bitcoin, while the majority of holders (76.4%) own less than 1 bitcoin. This suggests that the number of individuals who own 1 bitcoin or more is relatively small compared to the total number of Bitcoin holders.
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. As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.
The article does not constitute financial advice.
As a seasoned cryptocurrency enthusiast and blockchain technology advocate, my expertise stems from years of immersion in the ever-evolving landscape of digital assets. I've actively participated in communities, contributed to discussions, and kept abreast of developments through reputable sources, conferences, and direct involvement in blockchain projects.
Regarding the concepts embedded in the provided article, let's delve into each one:
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Bitcoin Ownership Estimations: Determining the precise number of individuals who own 1 Bitcoin or more is challenging due to the pseudonymous nature of Bitcoin transactions. Nevertheless, methodologies utilizing blockchain data and surveys help approximate these figures.
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Address Count vs. Actual Holders: Bitinfocharts data from March 2023 indicates around 827,000 addresses holding 1 Bitcoin or more, constituting about 4.5% of all addresses on the Bitcoin network. However, it's crucial to recognize that a single entity may control multiple addresses, potentially inflating the estimated number of holders.
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Glassnode Survey Findings: Glassnode's 2020 survey revealed that only 23.6% of Bitcoin holders possessed more than 1 Bitcoin, with the majority (76.4%) owning less than 1 Bitcoin. This statistic implies a relatively limited number of individuals who own substantial amounts of Bitcoin compared to the overall holder count.
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Distribution Discrepancy: The distribution of Bitcoin ownership is markedly skewed, characterized by a concentration of holdings among a small cohort of large holders, commonly referred to as "whales." According to Bitinfocharts data from March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, illustrating a stark inequality in ownership distribution.
These concepts collectively underscore the intricate dynamics of Bitcoin ownership, showcasing the disparity between the number of addresses holding Bitcoin and the actual individuals behind these holdings. Moreover, the distribution skew highlights the considerable influence wielded by a select group of major holders within the cryptocurrency ecosystem.
It's imperative to approach cryptocurrency investment and analysis with prudence, as this article serves as informative insight rather than financial advice.
