### The Rarity of Owning 1 Bitcoin in 2024: A Deep Dive
In 2024, the world has approximately 420 million cryptocurrency users, but only about 1.5 million people own more than 1 Bitcoin. This elite group represents just 0.36% of all cryptocurrency users, highlighting the rarity of substantial Bitcoin ownership.
🔶 **The Bitcoin Supply Overview**:
- The total supply of Bitcoin is capped at 21 million.
- As of now, 93.32% (around 19.59 million) of Bitcoin has been mined.
- The remaining 6.68% (approximately 1.41 million) will be mined slowly over the next century, until 2140. After that, miners will earn only transaction fees.
Of the 19.59 million Bitcoins mined, about 6 million are considered lost, leaving only 13.59 million Bitcoins in circulation. Theoretically, this means a maximum of 13.59 million individuals could each own 1 Bitcoin. However, the reality is more complex due to wealth concentration.
**Key Facts**:
- **1.94% of wallet addresses hold 92.76% of Bitcoins**, which translates to about 1.02 million addresses.
- **Exchanges control around 1.89 million Bitcoins**. If 80% of these belong to retail investors, only 378,000 individuals might own 1 Bitcoin each.
- Large investors, making up 20% of exchange-held Bitcoins, account for another 94,500 people.
**Total Estimated Bitcoin Owners**:
- Considering on-chain addresses and exchange users do not overlap significantly, we estimate around 1.5 million people own more than 1 Bitcoin. This figure underscores how rare it is to be a significant Bitcoin holder, with such individuals comprising a mere 0.36% of the global cryptocurrency user base.
In the cryptocurrency world, owning 1 Bitcoin is a mark of distinction, highlighting the concentration of wealth within the crypto economy.
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