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 an expert in cryptocurrency and blockchain technology, my expertise is grounded in both theoretical knowledge and practical experience within the field. I've actively engaged with the crypto community, researched extensively, and contributed to various discussions and platforms. I've been involved in analyzing blockchain data, conducting research on Bitcoin's ecosystem, and staying abreast of industry trends and developments. Moreover, I've provided guidance and insights into cryptocurrency-related matters for individuals and organizations seeking to navigate this complex and evolving landscape.
Regarding the concepts mentioned in the article about Bitcoin ownership statistics as of March 2023, let's break down the key elements:
-
Bitcoin Transactions and Pseudonymity: Bitcoin transactions are pseudonymous, meaning they are not directly linked to the real-world identities of users but are recorded on the public blockchain ledger. This anonymity is maintained through the use of cryptographic keys and addresses.
-
Estimation of Bitcoin Holders: Determining the exact number of individuals who own 1 Bitcoin or more is challenging due to the pseudonymous nature of transactions. Estimates are made based on blockchain data analysis, such as Bitinfocharts' assessment of approximately 827,000 addresses holding 1 Bitcoin or more, comprising roughly 4.5% of all Bitcoin addresses.
-
Ownership Distribution: A significant factor is the distribution of Bitcoin ownership, with Glassnode's survey indicating that only about 23.6% of Bitcoin holders possess more than 1 Bitcoin, while the majority (76.4%) own less than 1 Bitcoin. This illustrates the concentration of larger holdings among a smaller group of individuals or entities.
-
Whales and Concentration of Bitcoin Supply: The term "whales" refers to large holders who possess a substantial amount of Bitcoin. The data from Bitinfocharts suggests that the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, indicating a highly skewed distribution where a minority holds the majority of the cryptocurrency.
-
Cautionary Note: It's important to highlight that these statistics and analyses are based on available data and estimations, and the actual number of individual Bitcoin holders might differ due to various factors, including entities owning multiple addresses.
In conclusion, the realm of Bitcoin ownership and distribution is complex, influenced by pseudonymous transactions, data analysis methodologies, and survey insights, all of which contribute to a nuanced understanding of how Bitcoin is held and distributed among individuals and entities.
