How Many People Own 1 #Bitcoin?? This Will SHOCK You (2024)

FAQs

How Many People Own 1 #Bitcoin?? This Will SHOCK You? ›

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!

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.

The average person who owns Bitcoin owns around 0.5 BTC, which is currently worth around $7,000.

Bitcoins are added in circulation all the time by miners. Miners get reward for mining a block, so it is very hard for an entity to buy all the Bitcoins in circulation. The price will skyrocket and then, if no-one else has it, there will be no value in it.

What was bitcoin's highest price? Bitcoin's all-time high was $73,835.57, which it reached on March 14, 2024.

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.

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.

Investing $100 in Bitcoin alone is not likely to make you wealthy. The price of Bitcoin is highly volatile and can fluctuate significantly in short periods. While it is possible to see significant returns in a short time, it is also possible to lose a substantial amount just as quickly.

With bitcoin hitting new highs, it'll likely reach the US$100,000 milestone before 2024 is out.

Can I cash out all my Bitcoin? ›

Bitcoin is a digital asset, meaning it must be exchanged for fiat currency (USD, EUR, etc) before you can cash out. The value you receive when selling Bitcoin depends on the crypto market and the levels of supply and demand. Additionally, there may be a markup by the exchange as well as network fees.

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).

Investing in Bitcoin cryptocurrency has its pros and cons. While its transactions are relatively secure, it's also prone to volatility, with large dips and spikes in price. Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn't affect our editors' opinions.

Assuming a constant monthly investment of $500 for 10 years and a bitcoin price of $1 million per coin at the end, you would earn a profit of approximately $4.8 million.

To be exact, a Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln. In contrast, an investor who purchased $10,000 worth of gold in 2010 would have experienced a negative return of $9,981.

Bitcoin (BTC) Price Prediction 2030

According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 84,530.58 by 2030.

Mining Post 21 Million Cap

The total supply of bitcoins that can ever exist is capped at 21 million coins. This limit was established by Bitcoin's creator, Satoshi Nakamoto, as part of the protocol implemented in 2009.

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.

Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but was also the first miner to create blocks of transactions.

Key Takeaways. 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.