How many people own 1 Bitcoin?

Currently, 93.32% of Bitcoins have been mined, with a total of approximately 19.59 million Bitcoins.

In 2024, there will be approximately 420 million Bitcoin users worldwide, and approximately 1.5 million people will own more than 1 Bitcoin, accounting for only 0.36% of the Bitcoin users.

Another 6.68% of Bitcoins (1.41 million) will be mined slowly over the next 100 years, until 2140, when all 21 million Bitcoins will be mined. By then, miners will no longer receive block rewards or transaction fees on the user chain.

Of the 19.59 million Bitcoins that have been mined, approximately 6 million have been lost! This leaves only 13.59 million Bitcoins that can be circulated in the market, so at most 13.59 million people own 1 Bitcoin, 1 per capita.

But the reality is not that simple, because wealth will be concentrated in the hands of a few people. We can see from the information on the chain that 1.94% of the wallet addresses hold 92.76% of the bitcoins, and the total number of these wallet addresses is: 1,020,070, or 1.02 million.

At present, the exchanges hold a total of about 1.89 million bitcoins, so at most 1.89 million people in the exchanges own 1 bitcoin, which is only a theoretical number, and in reality it is much less than this. For these 1.89 million bitcoins, we roughly use the 80/20 rule: 80% of retail investors in the exchange only own 20% of 1.89 million, 189×20% ≈ 379,000.

Then the number of retail investors who own 1 bitcoin must be less than 378,000 (1 per retail investor). Under the 80/20 rule, the ratio of large investors to retail investors is 1:4, so the number of large investors is 1/4 of 378,000, that is, 94,500, and the average number of large investors is 16. 378,000+94,500=472,500 people.

Then the number of retail investors who own 1 Bitcoin must be less than 378,000 (1 Bitcoin per retail investor). Under the 80/20 rule, the ratio of large investors to retail investors is 1:4, so the number of large investors is 1/4 of 378,000, that is, 94,500, and the average number of large investors is 16. 378,000+94,500=472,500 people.

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Assuming that the on-chain addresses and exchange users do not overlap (in fact, there is a high possibility of overlap), the number of people who own more than 1 Bitcoin is: 102+472,500=149.25. If we take into account financial institutions and Bitcoin packaged into other public chains, we can conservatively say that there are about 1.5 million people who own more than 1 Bitcoin, accounting for only 0.36% of the 420 million users in the currency circle. It can be said to be rare in the currency circle!