How many people own 1 bitcoin? (2024)

FAQs

How many people own 1 bitcoin? ›

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.

Conclusion first: There are about 420 million cryptocurrency users in the world in 2024, and about 1.5 million of them own more than 1 Bitcoin, accounting for only 0.36% of cryptocurrency users.

Number Of Bitcoin Owners

As of March 2024, there are just over 46 million Bitcoin wallets holding at least $1 of value. This figure is based on the number of unique addresses. In total, approximately 460 million Bitcoin wallets have been created. However, around 90% of these wallets are inactive or hold minimal value.

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.

1,000,000+ people hold at least 1 full BTC, but this number will peak and eventually start dropping. It's almost impossible to acquire 1 full Bitcoin for most people at today's prices. At $29k per coin, we will see those holding 1 full BTC peak out.

Satoshi Nakamoto

Bitcoin has a maximum cap of 21 million, which makes Nakamoto one of the top Bitcoin owners.

Now that derivatives trade on bitcoin, it would be impossible to acquire the entire market. You could hold bitcoin equal to the number in circulation and buy up all mining production, but people could still trade as many as they wanted using futures and options.

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.

Known Bitcoin reserves held by governments account for 2.7% of the total 21 million supply of bitcoins, with the largest being the US Government with over 210,000 bitcoins worth more than $13bn at the time of writing.

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.

How much Bitcoin will you need to be a millionaire? ›

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.

Investing $100 in Bitcoin: A $100 investment in Bitcoin today could buy 0.00239 BTC, based on a current price of $41,810.58 at the time of writing. Bitcoin hit an all-time high of $68,789.63 in November 2021.

The smallest unit of Bitcoin is called a Satoshi, which is one hundred millionth of a Bitcoin. So, you can buy even a tiny fraction of a Bitcoin, like 0.00000001 Bitcoin, which is equal to 1 Satoshi. The value of this fraction depends on the current price of Bitcoin in the market.

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.

If you bought Bitcoin in the past decade, there is almost a guarantee that you are in profit. However, some wallets are not in profit. These wallets likely bought Bitcoin near the time it reached new all-time highs (ATHs) in early March. As of writing, nearly 90% of wallets are in profit.

Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.

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.