How much do you know about #BTC ?
—— BTC may find it difficult to rely solely on a single player to influence its significant ups and downs, as it has evolved into a game between institutions, exchanges, and governments.
Countries holding BTC ranked: China - United States - United Kingdom - Russia - Germany - Ukraine - Japan - North Korea - El Salvador - Bhutan - Finland (This ranking data is for reference only!)
Founder: Satoshi Nakamoto
Total issuance: 21 million coins, no destruction mechanism, limited supply
Issuance price: $0.0008
Historical peak: $108,353
Issuance date: January 3, 2009, mined the first block, marking the official issuance of BTC.
First transaction: On January 12, 2009, Satoshi Nakamoto transferred 10 bitcoins to early Bitcoin developer Hal Finney.
First dollar exchange for Bitcoin: On October 12, 2009, a user paid $5.02 via PayPal to Bitcoin developer Sirius and received 5,050 bitcoins in return.
The approximate distribution for 2024 is as follows:
Encapsulated 262,500 coins — 1.25%
Dormant about 5.25 million coins — 25%
Lost about 4.41 million coins — 21%
Globally held by retail investors about 735,000 coins — 3.5%
Remaining to be mined: 5.7% of bitcoins have not yet been mined, approximately 1.19 million coins.
Satoshi's wallet: 5.2% of bitcoins are in Satoshi's original Bitcoin address.
BTC ETF: 3.9% of bitcoins are used for Bitcoin Exchange-Traded Funds (ETFs).
Corporate holdings: 3.9% of bitcoins are held by companies.
Miner holdings: 3.4% of bitcoins are held by miners.
Government holdings: 3.6% of bitcoins are held by governments.
The competition between countries is a financial war, and BTC is merely a tool. The reason why many institutions and experts predict that BTC will rise to $1 million per coin in the future is that the global competition between countries and institutions has never stopped. This competition brings about trading and a surge of capital.
In the cryptocurrency space, BTC is irreplaceable; everything else can be substituted. No matter how strong the VC or alternative project is, if it fails to provide the value empowerment that a leader should have in the long history, it will be challenged or even replaced. The one facing huge challenges in 2024 is #ETH .
However, for us retail investors, this will be a rotation of wealth.
