How many people own at least 1 Bitcoin?

Recently, I saw a very interesting set of Bitcoin holding data in an overseas article, as shown below:

In order to help everyone understand the data in the table more clearly, I translated the meaning of each column in the table and marked it on the original text with a red pen.

The table lists data of 10 types of currency holding addresses, namely: single address holdings of 0.001, 0.01, 0.1, 1, 10, 100, 1,000, 100,000, 100,000 and less than 1 million coins;

We calculated the Bitcoin price at $10,300 at the time of writing, and temporarily regarded each address as a holder . Here are some interesting data:

1) Excluding addresses holding more than 100,000 coins, there are only 102 single addresses holding more than 10,000 coins in the world.

The total value of the coins held by each address is approximately between $100 million and $1 billion. This means that there are only 102 billionaires in the cryptocurrency world.

At present, the proportion of billionaires in the cryptocurrency circle among the world's richest people is almost negligible.

2) There are only 2,045 single addresses in the world that hold between 1,000 and 10,000 coins.

The total value of the coins held by each address is about 10 million to 100 million US dollars. In other words , there are just over 2,000 millionaires in the cryptocurrency circle, plus 105 billionaires, a total of only 2,150.

According to the "2019 China Private Wealth Report" jointly released by China Merchants Bank and Bain Company: In 2018, there were 170,000 wealthy people in China alone with a wealth of more than 15 million US dollars (100 million RMB).

Compared with these 170,000 rich people, there are less than 2% of the millionaires in the cryptocurrency circle with a net worth of tens of millions of dollars. And these 170,000 rich people are only the rich people in China. If the whole world is included, the proportion of millionaires in the cryptocurrency circle with a net worth of tens of millions of dollars will be even lower.

3) Considering that the Bitcoin held by insiders is generally calculated in units, how many people hold 1 Bitcoin? This data shows that there are 630,000 addresses holding 1 to 10 Bitcoins in the world.

How many cryptocurrency investors are there in the world? Here I found the authoritative data for 2018:

In 2018, Global Blockchain Business and Survey Monkey conducted a survey of American adults, and the results showed that the number of digital currency holders in the United States was 16.25 million.

In April 2018, the Financial Services Agency of Japan surveyed 17 cryptocurrency exchanges and trading platforms in the country, and the results showed that Japan has more than 3.5 million cryptocurrency traders.

A survey by Koreanclick, a South Korean research agency, in 2018 showed that the total number of users of digital currency services in South Korea reached 5.09 million.

But there are nearly 25 million digital currency traders in these three countries alone, and this is data from two years ago, and China's data has not yet been counted.

There is no authoritative data statistics in China. According to the download volume of the leading cryptocurrency market software, it is 2-3 million, so the total number of people should be several times this amount.

If we calculate based on 25 million people, those who hold 1 to 10 bitcoins account for less than 3%. If we add in all those who have participated in digital currency investment, the real situation is: the number of people who hold more than 1 bitcoin may be around 1%.

4) Considering that most newcomers are new to the cryptocurrency world, they tend to buy cheap altcoins rather than large amounts of Bitcoin. Even if they do buy, they will only buy a little tentatively, such as 0.001 Bitcoin (worth $10). Therefore, we regard addresses holding no more than 0.001 Bitcoin as new investors, and the number of such addresses is 14 million.

If we still calculate based on the total number of participants of 25 million, the proportion of novice investors is about 56%, which is more than half. Therefore, most new investors basically do not buy Bitcoin.

The above data counts the number of coins held by a single address. In fact, since many people have far more than one Bitcoin address, but multiple addresses, the actual number of coin holders is even smaller than the number shown on the address, and the number of people who actually participate in digital currency investment will be more than our rough estimate of 25 million.

Therefore: the proportion of Bitcoin holders in the cryptocurrency world is still very low;

Although almost everyone regards Bitcoin as a benchmark for the entire digital currency market, most cryptocurrency investors do not buy Bitcoin;

Even those who are considered wealthy and hold a large amount of Bitcoin have an extremely low proportion among the world's wealthy people; people who hold one Bitcoin are rare in the circle.

Today's Fear & Greed Index (FGI) is 64

Compared with yesterday's 63 , the degree of greed has increased . The FGI index is inversely proportional to the market state, 0 means "extreme fear" and 100 means "extreme greed".

Global Blockchain Index (GBI) 11620.63

The GBI index reflects the macro trend of the blockchain asset market. The peak index of the last bull market was 22570. The better the market conditions, the higher the index.

Risk warning: Investing involves risks. The content is only personal analysis and is for reference only. It does not constitute investment advice. Maybe what I said is wrong, so you have to be careful.