How many people actually own bitcoin?

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jake.chainSenior Member
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#1Jun 25, 2018, 04:40 AM
So, this is just a rough guess. Since owning bitcoin is so private, we can't really get exact figures on how many people actually have it. Right now, about half a billion folks are holding some bitcoin. I got curious about this number because I was thinking about how many more people out there don’t own any and how many could still jump in later. Being so deep in the crypto scene, it's wild to think about how many are still clueless about bitcoin. Even with all those holders, not many have 1 bitcoin or more. If you have even 0.1 bitcoin, congrats, you're in the top 10% of bitcoin owners. Despite bitcoin being super famous and available, it's still tough to stack up a lot of it. So, if you need a little push to join that 10%, this could be just what you need.
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humblefarmSenior Member
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#2Jun 25, 2018, 02:55 PM
Poverty and lack of knowledge are some of the reasons why many people don't own one or more Bitcoins. Due to the rate of inflation, unemployment, conflicts and other factors, the rate of poverty is increasing. More people are now interested in survival and not investment. The earnings of some people are not enough to cover their expenses on basic needs. So they don't have extra funds to buy Bitcoin. Some people are rich but they don't have knowledge about Bitcoin or they don't have an interest. I think this might also be the case with Gold.
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raven07Full Member
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#3Jun 26, 2018, 04:44 PM
The economic and knowledge factors do affect very influential in the number of bitcoin adoption from the data that I just read Journal Shubam Singh currently 9.9% of global crypto adoption only this includes all types of crypto in the market, this can also be concluded that people who already know Bitcoin and know bitcoin also they don't have bitcoin in their wallet, but if we talk about gold almost the average person has it, especially women have at least a few grams of gold in each house, we can't compare it to gold because Bitcoin's popularity has not gone that far to reach it.
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cobra_2015Full Member
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#4Jun 28, 2018, 10:08 AM
The statistics may not be accurate because Bitcoin is held off-network via ETFs or exchanges, or a new address is created each time a Bitcoin deposit is accepted. relying on the number of addresses alone may not be correct.
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bengweiSenior Member
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#5Jun 29, 2018, 07:13 AM
Statistics gotten from wallet holders may not be accurate because some wallets are empty or forgotten or belong to dead owners. However, I see more adoption as at 2026 as compared to before and the case for large institutional holders is one that is unignored and can't be quantified to individual holders. Some know about Bitcoin but don't hold or know how to invest in it unless they receive gifts in form or Bitcoin and thus have to learn on the spot how to receive it via a wallet and keep it safe.
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raven1337Hero Member
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#6Jun 29, 2018, 11:50 AM
BS WALLETS != PEOPLE One physical person can own two wallets or 10 wallets or 100 million wallets. Wallet addresses come and go. The only way to accurately get these stats would be to go to brokers like Robinhood or CoinBase, who have records of real individual humans and ask them to tell you how many of their customer hold some Bitcoin. And I suspect that at least 90% of the individuals who do "own" (as in, have made a bet on) Bitcoin own it only in the sense of having clicked on a button that says, "Bitcoin" in their investment app. I suspect the actual number of individuals who physically control self-custody wallets is relatively small. But surely the numbers are in the millions, even if they aren't a large slice of all humans. In that case it's worth underscoring Bitcoin's utter failure to be used as a practical means of transfer and payment. With that sort of wide adoption, it should be accepted absolutely everywhere, but it's not. We're still reading stories like, "hey did you hear that there's now another vendor that now accepts Bitcoin?" like we're counting them one by one. That's because Bitcoin was never meant to be a mainstream currency and technically cannot scale beyond even a tiny fraction of the world's transaction needs.
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#7Jun 29, 2018, 04:06 PM
That’s actually pretty crazy when you think about it.   But yeah, I’d take those numbers with a grain of salt. One person can have multiple wallets, and exchanges hold big amounts in single addresses too. So it’s hard to know how many actual individuals are behind it. Still, less than a million wallets with 1 BTC or more really puts things into perspective. Makes owning even a fraction feel different.
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im_apeHero Member
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#8Jun 29, 2018, 07:28 PM
This silly site is just referencing some chain-analysis companies without saying how they conducted this count. And considering how these same companies have a silly concept like "taint" that flags coins that doesn't even fit their silly definition, I can say their numbers is not accurate or reliable. There is no such thing as "wallet addresses" we either have wallets or addresses. One wallet may contain multiple addresses that hold less than 1BTC each with the sum being higher than 1BTC. Which is another reason why their estimated number is unreliable.
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0x0rb1tSenior Member
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#9Jul 1, 2018, 10:13 AM
Those are wealthy investors or early Bitcoin adopters who joined the market when BTC was still cheap, although they must have forgotten their passwords, so they are unable to access funds to sell it for profit. For average investors now it's hard to accumulate 1 Bitcoin or more, because that is a money they can't afford investing on a volatile market like this. The important is that they are investing, despite it being a smaller amount of money. The most annoying aspect is the fact most of global population simply ignore Bitcoin, without any plans of adopting it anytime soon.
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sigma07Senior Member
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#10Jul 1, 2018, 10:53 AM
This is an interesting information. If you hold at least 0.1 Bitcoin, then you're like one of the elites of the world in this space. And take yourself accountable for it because you've been so patient and persistent to hold as much as that. How much more of those people that have been holding more than 1, more than 10 and even more than a hundred. A great motivation indeed because as the price goes down, some of the holders might have been disappointed with how it goes but then, it's best to look at this stat that it's a global statistics.
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ColdLynxMember
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#11Jul 2, 2018, 03:20 AM
Your just highlighted something very important. Even when estimates say 480 to 500 million person holding Bitcoin, that is yet a small part of the international population of about 8 billion. Now ownership is wider than before, yet  meaningful accumulation is yet scarce. With just within 950,000 addresses that is holding 1 BTC or maybe more, scarcity is very true. And as long as one person can have control of multiple addresses, the number of person holding 1 BTC is possibly even lower. Holding 0.1 BTC places a person potentially in a top bracket reveals how quick the market is still. Awareness has increased, yet deep understanding and long term conviction are still very little. The gap can keep creating opportunity for disciplined investors
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jakewolfFull Member
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#12Jul 2, 2018, 06:30 AM
The number of people and the amount of Bitcoin in each owner's address may be incorrect because quite a few active addresses now have Bitcoin. It makes sense that many Bitcoin addresses only have less than a whole Bitcoin, for example, less than 1 Bitcoin but 0.1, 0.01, and so on. As some opinions suggest, this is due to the owner's Bitcoin address not having enough money set aside in large amounts to purchase Bitcoin. For those who have a Bitcoin address containing 0.1 Bitcoin, this is the result of DCA (Dollar-Cost Averaging) conducted over more than one year, depending on their economic circumstances.
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s33d_moonFull Member
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#13Jul 2, 2018, 06:41 AM
Being in the top 10% of holders with even 0.1 BTC is a bit shocking when you think about it. Despite how accessible Bitcoin has become over the years, meaningful ownership is still rare. That said, these exact statistics I think are only estimates given the private nature of wallets but it really underscores the value of planning, patience and disciplined accumulation if you want to be part of that top tier of holders.
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cipher_lynxSenior Member
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#14Jul 2, 2018, 10:55 AM
I don't think they make their number up based on the total number of bitcoin addresses. Maybe they could have also used other sources to gather data which helps them speculate around that figure, because according to BiTBO, their last data recorded only 200m+ Bitcoin wallet addresses which held SATs on them. If the number of people were rated based on address, then we could have seen a fewer number, not up to half a billion.
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dan.whaleFull Member
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#15Jul 2, 2018, 04:21 PM
Why does it matter. I can't be wasting my time thinking of how many people out there are taking advantage of the opportunity bitcoin offers. It's better to play your own games if you have the opportunity to. Filter out these kind of noises as they aren't useful..
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p1x3l365Senior Member
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#16Jul 2, 2018, 09:57 PM
All what you've hinted are what I presume to be why bitcoin hasn't been majorly adopried and so on, bitcoin isn't for everyone. While there're those with the interest to buy, they quite don't have the opportunity to buy due to basic needs hasn't even been met. So investment can't be prioritized against immediate needs when bitcoin volatility can't be a promise to profer quick profits. So most people with the interest to invest buries the dream. Inflation had made it difficult to commonly afford to invest and bitcoin scarcity has it mind blowing making bitcoin absolutely expensive now as adoption enlarges while those that can actually afford it but fails to leaves themselves with excuses best known to themselves.
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WildChainFull Member
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#17Jul 3, 2018, 03:00 AM
I really don’t think we should go into that you know, who owns what, why they won them and how they came to own them. Such minor details don’t matter to an individual when it comes to them having to accumulate Bitcoin themselves. What others own is inconsequential to what you can own and that’s why, I find it not to be of great concerns to discuss on how many people owns Bitcoin.
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CalmYieldSenior Member
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#18Jul 3, 2018, 04:19 AM
From the same article, 'How many people own Bitcoin in 2026? Between 480 and 500 million worldwide.' This is not only a number with too little range but it is most likely incredibly inaccurate.  There is NO way to estimate how many people are holding Bitcoin because there is NO way to distinguish between Wallets and individual holders and there is NO way to connect some of the UTXOs to the same individual particularly if they took care about their Privacy. For example.  You can see my two Bitcoin Talk Addresses where you can see all the Inputs and Outputs.  However.  I have other Addresses that I own and they are completely separate from my Bitcoin Talk account.  These people probably now consider me as at least two different individuals simply because there is not any direct connection between my Bitcoin Talk Wallet and my other Wallets. More over.  How many Wallets did they consider out of every single Address that has any amount of Satoshis in it?  Would they ignore all Addresses under say 100 Satoshis?  What if some of the people holding 100 Satoshis are actually individuals who think they will turn that 100 Satoshis in to something. This number is complete B S.
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hodler_b34rFull Member
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#19Jul 3, 2018, 04:56 AM
If it is easy to know people behind addresses, the Bitcoin founder was already known and identified many years ago. It Bitcoin blockchain is like this, it loses one of its most attractive technical meaning and practical use case for many people. Luckily, it's impossible to know who are behind Bitcoin addresses, how many Bitcoin addresses one person owns, and how many bitcoins one person has. You can use some on-chain tracking pages if you're curious about it, not only addresses with 0.1 BTC + but with some other figures. For Bitcoin addresses holding 0.1 BTC + https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-0-1-btc/ For more https://www.bitcoinmagazinepro.com/charts/addresses-holding-x-btc-by-year/ https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-0-01-btc/ https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-1-btc/ https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-10-btc/ https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-100-btc/ https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-1000-btc/ https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-10000-btc/
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quantumninjaFull Member
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#20Jul 3, 2018, 10:10 AM
It's not that people are ignorant about bitcoin, but rather that their standard of living doesn't allow them to accumulate that much (1 btc) financial resources. Let's do the math. 1 btc = $65k. In a world with many poor people, not everyone can put aside that amount (a long-term investment) in a risky asset. Moreover, $65k isn't just the money needed to make the purchase; it should be spare, idle cash that people are willing to invest. It seems to me that 1 btc has become something akin to a luxury item - something only the wealthy can afford. This is if you buy it now, not years ago. 0.1 btc? That's about $6,500. How will your post help me find an extra $6,500 to buy (part of) bitcoin?
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