BitcoinsPerPerson (2024)

FAQs

What is the average Bitcoin holding per person? ›

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.

All of which brings us to what is arguably Bitcoin's biggest demerit: its circulation is finite. In the words of Les and Morgenstern, “21 million. That's how many Bitcoin will ever exist. Ever.

There are (right as this moment) just under 19,000,000 BTC in existence. There are around 330,000,000 USA citizens and around 7,500,000,000 people in the world. That works out to less than 0.06 bitcoin per person in the USA and about 0.0025 bitcoin per human.

Bitcoin Wealth Distribution

Today, four bitcoin addresses contain 100,000 to 1,000,000 BTC for a total of 577,502 BTC. The next 97 largest owners, who range from 10,000 - 100,000 BTC, own a total of 2,339,913 BTC. These wealthiest 97 addresses account for about 11% of the total supply.

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

1 BTC is held by a little over 1 million wallets at the time of writing. The one million milestone was first reached in May 2023.

Key Points. Bitcoin's finite supply makes it an ideal asset for millionaire-making. It's fundamental characteristics could push Bitcoin's price to new heights. It will take time, but Bitcoin rewards the long-term investor.

Current USD to BTC exchange rate

1 USD equals 0.000018 BTC. The current value of 1 United States Dollar is -3.26% against the exchange rate to BTC in the last 24 hours. ​ The current Bitcoin market cap is $1.10T. ​Create a free Kraken account to instantly convert USD to BTC today.

The decision whether to cash out crypto or Bitcoin depends on your financial goals and market conditions. You may want to lock in gains, cut or harvest losses for taxes, or simply use your digital assets in the real world.

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.

How long does it take to mine 1 Bitcoin? ›

The length of time it takes to mine 1 Bitcoin can vary. Each committed Bitcoin block releases 3.125 Bitcoin. To answer the central question in mind, it takes an average of 10 minutes to mine not just 1 Bitcoin but 3 — and that rate will fluctuate over time.

Bitcoin Ownership is Widely Distributed

A significant majority of Bitcoin holders are small investors, as approximately 74% of Bitcoin addresses hold less than 0.01 BTC, worth around $350 as of November 6th 2023, as seen in Figure 1 below.

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

Summary: As of 2024, there are about 420 million cryptocurrency users globally. Of these, approximately 1.5 million individuals possess more than 1 Bitcoin, which is just 0.36% of all cryptocurrency users.

TLDR Considering that Bitcoin is still a relatively small asset class, getting your hands on 1 BTC can indeed make you wealthy in the not-too-distant future. To assess the likelihood of this hypothesis, we have to keep an eye on price graphs and network adoption models.

Most of the respondents are aged between 18 and 45. The most common age group is between 25 and 35 which accounts for 37% (57), then the age group between 35 and 45 accounts for 27.3% (42), age group of 18–25 accounts for 20.1% (32).