Recent data shows that bitcoin wallets containing between 0.1 and 1 BTC have increased by an impressive 9,563 since the start of the year. Meanwhile, the number of wallets containing between 1 and 10 BTC has decreased by 7,783. Bitcoin whales, sharks, and dolphins, individuals with between 100 and 10,000 BTC, have made a notable splash, with 101 new addresses appearing since the beginning of January.

Change Addresses and Global Bitcoin Adoption

As of September 29, 2024, according to bitinfocharts.com, there are a total of 21.83 million bitcoin addresses holding more than $100 in BTC. This marks a jump of 2 million addresses since the first week of January. Back then, 8.9 million addresses held more than $1,000 in bitcoin, but that number has increased by 1.63 million to 10.53 million today. For those keeping track of the bitcoin rich list, addresses holding more than $10,000 in BTC have increased by 781,250, up from 2.72 million to 3.5 million.

Bitcoin dolphins (100 to 500 BTC), sharks (500 to 1,000 BTC), and whales (1,000 to 10,000 BTC) have welcomed 101 new addresses to their ranks. Of these, 40 new wallets now hold between 100 and 1,000 BTC, with these wallets valued between $6.56 million and $65.6 million. There are currently 13,960 addresses in this range. Additionally, 61 new addresses have emerged since January, each holding between 1,000 and 10,000 BTC, or between $65.6 million and $656 million in value.

Currently, fewer than 2,000 addresses (1,975 to be exact) boast between 1,000 and 10,000 BTC. As for the largest bitcoin holders, there were 107 addresses controlling between 10,000 and 250,000 BTC at the start of the year, but that number has dropped slightly to 103. On Sunday, Mohamad Hassan Fahs, also known as Sani and founder of timechainIndex.com, shared an interesting update on X regarding individual investors who currently hold around 11.6 million BTC.

He pointed out that the latest data shows that there are 54,411,314 bitcoin addresses with a total balance of 19.76 million BTC. Of these, 12,423,601 addresses each hold more than 1 million satoshis, accounting for nearly 19.71 million BTC. According to Sani, timechainIndex.com data also highlights that about 155,000 addresses are linked to non-personal entities such as exchanges, corporations, and governments, which together hold about 8.1 million BTC.

His data shows that the remaining 12.27 million addresses, most likely held by individual investors, collectively control around 11.6 million BTC. Sani notes that if we assume each address represents a unique person, that implies that around 0.15% of the world's population holds a significant amount of bitcoin. "This suggests that we are in the early stages of broader bitcoin adoption, with current levels falling far short of many expectations," he notes.

The founder of timechainIndex.com added:

Despite growing awareness and institutional interest, only a small fraction of the global population currently holds meaningful amounts of bitcoin, suggesting that widespread adoption is still in its early stages.

What do you think about the address change in 2024 and the figures of the founder of timechainIndex.com? Please share your thoughts and opinions on this topic in the comments section below.
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