How many people own 1 bitcoin? (2024)

FAQs

How many people own 1 bitcoin? ›

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.

Bitcoin Ownership is Widely Distributed

As such, Bitcoin's ownership structure reflects the decentralized, open-source nature of Bitcoin's technology. In reality, only 2.3% of all Bitcoin owners own 1 BTC or more (worth around $35K per Bitcoin as of November 6th, 2023).

For example, a Crypto.com study found that more than 219 million individual Bitcoin holders were recorded in late 2022. This was up from 183 million a year prior. A Triple-A study found that there are 420 million cryptocurrency owners worldwide, but it doesn't specifically break it down by Bitcoin holders.

The number of wallets holding at least one bitcoin has reached an all-time high of 1,008,737 million, according to data from Glassnode. This increased distribution of wallets with at least one bitcoin suggests increased decentralization of the network.

As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

While this is a lower-bound scenario, we can use it as a baseline to show what it takes for investors to become Bitcoin millionaires. Assuming an annualized return of 30%, one would need to invest roughly $85,500 annually for five years to hit millionaire status. Over 10 years, this number falls to around $18,250.

A recent survey conducted by bitcoin financial services firm Unchained found that 86 million Americans — 26% of the U.S. population — owns bitcoin. But the reality is that, even if they have heard of "crypto," the average investor in the U.S. and beyond knows very little about this nascent asset class.

In its latest research report, Ark Invests suggests an optimal Bitcoin allocation of 19.4%. In previous years, Ark Invest's optimal Bitcoin allocation was in the 0.5% to 6% range.

How much is $500 in Bitcoin wallet? ›

The current price of 500 US Dollar in Bitcoin is 0.00777364 BTC.

The exchange addresses represent the holdings of many individual investors who are not holding their own keys. Binance owns the largest cold storage wallet address, 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo, which holds 248,597 BTC.

Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token.

The live price of Bitcoin is $ 66,193.09 per (BTC / USD) with a current market cap of $ 1,303.31B USD.

If you don't want to mine bitcoin, you can buy it using a cryptocurrency exchange. Most people will be unable to purchase an entire BTC because of its price, but you can buy portions of one BTC on these exchanges in fiat currency, such as U.S. dollars.

Bitcoin is a risky investment with high volatility, and generally should be considered only if you have a high risk tolerance, are in a strong financial position already and can afford to lose some or all of your investment.

Yes, you can buy fractions of a bitcoin. Bitcoin is divisible, and the smallest unit is called a satoshi, named after its pseudonymous creator, Satoshi Nakamoto. One bitcoin is equivalent to 100 million satoshis.