How many people hold more than 1 Bitcoin?
The current total output of Bitcoin is 19.7 million. Some say that 3 million and 6 million Bitcoins have been permanently lost. We calculate based on the permanent loss of 4 million.
The current total output of BTC is 19.7 million, 4 million of which have been permanently lost. The actual circulation of BTC is now 15.7 million. The calculation formula for holding more than 1 Bitcoin is: the number of Bitcoins held by the on-chain address is greater than 1 + the number of Bitcoins held by the exchange is greater than 1.
The number of Bitcoins held by the on-chain address is greater than 1: According to Glassnode data in June 2022, the number of Bitcoin addresses holding more than 1 Bitcoin reached 848,082, a record high at the time. Since we cannot obtain data on the number of Bitcoins held greater than 1, we calculate based on 1 million Bitcoins (with an estimated 15% error).
The number of BTC held by exchanges is greater than 1: The exchange's currency holding addresses are relatively concentrated. This data cannot be obtained. We can only calculate it based on the wealth law of "20% of people will control 80% of the wealth". According to the latest data statistics from coinglass, the total number of BTC held by exchanges is now 1.72 million. The number of BTC held by retail investors: 172*20%=344,000. Let's assume that these 344,000 bitcoins are held by 34.4 retail investors. The number of BTC held by large investors: 172*80%=1.376 million. We continue to calculate based on the law of "20% of people will control 80% of the wealth of society". The number of retail investors should be 4 times the number of large investors, and the number of large investors: 34.4/4=86,000. Finally, the number of people holding more than 1 BTC in the exchange is: 8.6+34.4=430,000.
The total number of people holding more than 1 BTC is: 100+43=1.43 million (there are errors in data calculation, for reference only). There are currently 420 million cryptocurrency users worldwide, and the percentage of people holding more than 1 BTC is: 143/42000=0.34%. If you hold 1 Bitcoin, you are already one of the 0.03% elites in the cryptocurrency community. If we calculate based on the global population of 7.6 billion, the percentage of people holding 1 Bitcoin is 143/760000=0.018%, which means that in the future, only two people out of 10,000 will be able to hold 1 Bitcoin. Although it is not one in a million, it is already two in a million. So in the future, if you are one of the two in a million, then you must have achieved financial freedom.
Summary: After many years, we will find that people don’t need too much money in their lifetime. One Bitcoin is enough.
Hold BTC and let time accompany us to slowly become rich.
