How Many People Own at Least 1 Bitcoin: A Comprehensive Analysis
Updated on May 5, 2020
Introduction
As of 2019, the question of how many people own at least one Bitcoin (BTC) remains elusive. The data on Bitcoin ownership is complex and the pseudonymous nature of the blockchain adds to the challenge of accurately counting individual holders. However, we can use data from blockchain analytics tools to estimate the number of unique addresses with at least one Bitcoin.
Data Source: Glassnode
Glassnode is a leading blockchain data and intelligence platform that offers on-chain metrics and tools to stakeholders in the digital asset ecosystem. According to Glassnode, as of the time of writing, there are approximately 820,000 addresses holding a balance of more than one Bitcoin. While these numbers provide a useful estimate, it is important to note that multiple addresses could belong to the same person, making it impossible to ascertain the exact number of unique individuals with at least one Bitcoin.
The Distribution of Bitcoin Wealth
On May 5, 2020, the distribution of Bitcoin wealth was as follows:
Bitcoin Addresses Holding Number of Addresses More than 1 BTC 813,919These addresses collectively represent a significant portion of the Bitcoin network. However, it is crucial to remember that a single person could have multiple addresses, which means the true number of individuals with at least one Bitcoin remains a mystery.
What Does This Mean for Bitcoin Millionaires?
One interesting observation is the number of millionaires in the Bitcoin network. According to the data, more than 8 million Bitcoin addresses currently hold at least one Bitcoin. This is an intriguing statistic because owning one Bitcoin is the equivalent of being a millionaire in Bitcoin terms. Since one Bitcoin is made up of 100 million Satoshi (the smallest unit of Bitcoin), owning 0.01 BTC also qualifies a person as a 'Bitcoin millionaire.' This makes the concept of owning even a small amount of Bitcoin more significant.
In the future, as the use of Satoshi becomes more common, owning 0.01 BTC (or 1 million Satoshi) will be a benchmark for financial status. This underscores the importance of regularly accumulating Sats to build wealth in the world of Bitcoin.
Conclusion
The exact number of people who own at least one Bitcoin remains uncertain due to the pseudonymous nature of the blockchain. However, data from sources like Glassnode suggest that a significant number of addresses hold at least one Bitcoin. The real-world implications are clear: owning even a small amount of Bitcoin can make you a millionaire in this digital asset class. Regularly accumulating Sats is essential for building wealth in the world of Bitcoin.