As of 2024, approximately 1.5 million individuals possess more than 1 Bitcoin, which accounts for just 0.36% of the global 420 million cryptocurrency users. Here's a more detailed look at the distribution:
- Total Bitcoin Supply: Capped at 21 million, with about 19.59 million Bitcoins (93.32%) already mined.
- Remaining Bitcoin: Approximately 1.41 million Bitcoins will be mined over the next century, ceasing around 2140, with miners then earning from transaction fees.
- Lost Bitcoin: It's estimated that around 6 million Bitcoins are lost due to issues like forgotten private keys or lost hardware wallets, reducing the actual circulation to roughly 13.59 million Bitcoins.
Given this circulation, technically 13.59 million people could own 1 Bitcoin each, but ownership is significantly more concentrated. Analysis shows that:
- Wallet Address Ownership: 1.94% of wallet addresses control 92.76% of all Bitcoin, totaling about 1,020,070 addresses.
- Impact of Exchanges: Exchanges hold about 1.89 million Bitcoins, affecting individual ownership distribution.
Estimating Retail and Large Investors Using Pareto Principle:
- Retail Investors: Estimated to own about 378,000 Bitcoins, which would equate to roughly the same number of retail investors owning 1 Bitcoin each.
- Large Investors: Roughly 94,500 large investors control about 1.51 million Bitcoins, accounting for 80% of the Bitcoins held by exchanges.
Total Estimate:
Combining retail and large investors on exchanges with on-chain addresses, and assuming minimal overlap (although some likely exists), the total number of individuals owning more than 1 Bitcoin is estimated at around 1.5 million. This small percentage highlights the rarity of owning 1 Bitcoin among cryptocurrency users globally.
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