How many people own 1 bitcoin? (2024)

FAQs

How many people own 1 bitcoin? ›

Today, roughly 1 million wallet addresses have more than 1 bitcoin. Think about that for a moment — only 1 million out of the nearly 8 billion people on Earth own at least one full bitcoin. That works out to be only about 1 in every 8,000 people!

How many people own 1 full Bitcoin? According to the blockchain analysis platform BitInfoCharts, more than 1 million wallet addresses hold at least 1 BTC.

Simple math shows that the average bitcoin holding per person is about 262,500 satoshis. At $69,000 per bitcoin, that works out to an investment of about $180 to reach the global average bitcoin allocation. So don't be discouraged by the price of a single bitcoin.

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.

The launch of the new spot Bitcoin ETFs is leading some investors to re-think how much Bitcoin they should be holding in their portfolios. 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.

According to their findings, a one in four Americans and 55% of surveyed investors, defined by Unchained as those with at least one investment account between the ages of 18 and 78, own bitcoin.

There are 88,200 crypto millionaires worldwide. 40,500 of these millionaires have amassed their fortune in Bitcoin (BTC). The number of global crypto owners reached 580 million by the end of 2023, according to Crypto.com.

So, 10 times from those levels would mean that Bitcoin could go as high as $350,000, Saylor said. If this is the case, you would need to own 2.86 BTC to become a millionaire. It would cost around $190,000 today.

The current real time Bitcoin price is $57,974.67, and its trading volume is $29,849,960,353 in the last 24 hours. BTC price has plummeted by 8.05% in the last day, and decreased by 12.63% in the last 7 days.

The current 1000 USD to BTC exchange rate is 0.01561329 BTC and has increased by 4.36% over the past 30 days.

How much is $500 in Bitcoin wallet? ›

The crypto conversion value for 500 US Dollars is 0.0078396245430599 Bitcoin. Read our guide, if you are interested in learning how to buy Bitcoin.

One Million Individual Wallets Now Hold a Whole Bitcoin.

Bitcoin ownership is widely distributed across a variety of groups. 74% of Bitcoin owners hold less than around 0.01 worth of Bitcoin (~$350 as of November 6th, 2023).

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?

Only 7% of the supply (1.356 million BTC, worth $36.4 billion) is distributed among the nearly 46.5 million addresses with at least some bitcoin — but less than one — per BitInfoCharts. The other 93% (18 million BTC, worth $482.7 billion) exists in the one million addresses that now own a full BTC.

Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.

Crypto holdings for most individuals are relatively small—as median flows equal less than one week's worth of take-home pay—but almost 15 percent of users have net transfers of over one month's worth of pay to crypto accounts.

Michael Saylor's US-listed business intelligence firm is the biggest institutional holder of bitcoin with more than 214,000 coins, more than 1% of the total supply, according to Bitcoin Treasuries data. Bitcoin's current price of around $64,000 means MicroStrategy's crypto holdings are worth roughly $14bn.

The maximum total supply of Bitcoin is 21 million. The number of Bitcoins issued will likely never reach 21 million due to the use of rounding operators in the Bitcoin codebase. No additional bitcoins will be generated when the Bitcoin supply reaches its upper limit.