How many bitcoins does the average person have?
Most people don't own any. 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.
A general recommendation is to invest no more than 5% of the entire investment portfolio every time you invest in cryptocurrencies such as Bitcoin.
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.
$66,406/BTC
Given that a bitcoin currently cost $66,406, there are only enough bitcoins for every person to have $162.62 worth. If bitcoins were distributed using the current global distribution of wealth, 99.9% of people would have $30.93 worth of bitcoins, and people in the top . 001% would have 0.73 bitcoins each.
So the average person owns about 0.00244 BTC
However, if you were to pick a person at random from anywhere on the Earth, that person would likely not own any BTC.
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.
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.
At approximately 32.9 million active entities, this would mean the average non-exchange, non-miner entity owns 0.46 BTC, or around $12,420. The median is significantly less, at 1.34 addresses per user and the median address holding roughly 0.005 BTC, the median entity would have roughly 0.0067 BTC, or around $180.90.
In 2020, the number of wallets – defined as a set of blockchain addresses controlled by a single entity – holding at least 1,000 bitcoins has increased by 302 (17%) and is now at a record high of 2,052, according to Philip Gradwell, economist at Chainalysis.
Chief among the findings is that one in four Americans and 55% of investors surveyed by unchained — defined by Unchained as having at least one investment account — report owning bitcoin, and 95% of this group say they would buy or strongly consider buying more of it in 2024.
How many wallets have 100 bitcoin?
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.
Who Owns the Most Bitcoins? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
In the last 10 Years, the Bitcoin (^BTC) Commodity obtained a 64.86% compound annual return, with a 76.96% standard deviation. Discover new asset allocations in USD and EUR, in addition to the lazy portfolios on the website.
In reality, only 2.3% of all Bitcoin owners own 1 BTC or more (worth around $35K per Bitcoin as of November 6th, 2023). In addition to Bitcoin ownership primarily spread across multiple small holders, most of Bitcoin's largest holders represent “the many” rather than a few.
Satoshi Nakamoto (~1.1 million BTC)
It's unsurprising that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, remains the largest holder of the cryptocurrency. It's estimated they hold an astonishing fortune of around 1.1 million BTC.
Out of all 425 million crypto users, just 22 are crypto billionaires. There are 182 crypto centimillionaires. And there are 88,200 crypto millionaires.
That investment would be worth $6,859,178,076.22 today based on the same price of $28,122.63 at the time of writing. While investing in Bitcoin today may never be worth billions of dollars in the future, the hypothetical investment illustrates the large increase in value of the leading cryptocurrency over time.
So, if you're reeling from recent events in the crypto-sphere, I offer you a quick dose of perspective on the power of doing absolutely nothing. For example, a $100 Bitcoin investment five years ago would be worth $370 today.
If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
Some people have made significant profits by investing in Bitcoin. For example, early investors who purchased Bitcoin when it was first introduced in 2009 may have seen significant gains as the price of Bitcoin has increased over time. Oh, investing in Bitcoin has definitely made some people rich!
How do I cash out 1 million bitcoins?
Use an exchange to sell crypto
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.
The price of Bitcoin is volatile, ranging from under $10 in 2010 to a high of $75,830 in March 2024. Most top Bitcoin billionaires became rich by creating products and services to grow the cryptocurrency ecosystem. This overall price increase has also created millions for people who bought and held their bitcoins.
The Bitcoin hard cap is the maximum number of bitcoin that can ever be created, which is set at 21 million BTC. Bitcoin's supply limit, known as the hard cap, is a key feature of Bitcoin's monetary policy, designed to create scarcity and prevent inflation.
Binance: Since Binance is the world's largest crypto exchange, it makes sense that the company's cold storage wallets have large amounts of BTC. Currently, the largest single BTC wallet with 252,597 BTC belongs to Binance.
As a gauge for how many Americans own crypto today, our estimates suggest as many as 93 million people may hold one or more cryptocurrencies. Men are still much more likely than women to hold crypto. However, there was a significant jump in the crypto ownership rate among women in the past year.
