Bitcoin has become one of the most popular cryptocurrencies globally, with an increasing number of individuals investing in it. As of March 2023, the price of one Bitcoin is over $60,000, making it a valuable asset to hold. In this article, we will explore how many people hold 1 Bitcoin and the factors that influence the number of Bitcoin holders.
Related Info: Top 5 Places to Buy Bitcoin and Exchange It For Other Currencies
Factors That Influence the Number of Bitcoin Holders
- Price Volatility: The price of Bitcoin is highly volatile, which means that the value of an individual’s Bitcoin holdings can fluctuate significantly. The price volatility can influence the number of people holding 1 Bitcoin.
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- Adoption Rate: The adoption rate of Bitcoin is another factor that can influence the number of people holding 1 Bitcoin. As more individuals adopt Bitcoin, the number of people holding 1 Bitcoin may increase.
- Accessibility: The accessibility of Bitcoin also influences the number of people holding 1 Bitcoin. If Bitcoin is easily accessible, more individuals may hold 1 Bitcoin.
How Many People Hold 1 Bitcoin?
The exact number of people holding 1 Bitcoin is unknown, as Bitcoin transactions are anonymous. However, we can estimate the number of people holding 1 Bitcoin by analyzing the blockchain data.
According to a report by BitInfoCharts, as of March 2023, there are over 800,000 addresses that hold 1 Bitcoin or more. This number represents a small percentage of the total number of Bitcoin wallets, which is estimated to be over 120 million. It is important to note that some individuals may hold multiple Bitcoin wallets, making it difficult to estimate the exact number of people holding 1 Bitcoin.
The report also revealed that the number of addresses holding 1 Bitcoin or more has been steadily increasing over the years, indicating growing adoption and interest in Bitcoin. Additionally, the report indicated that a small number of addresses hold a significant amount of Bitcoin. For instance, approximately 2,200 addresses hold over 1,000 Bitcoin, which is worth over $60 million.
Read Also: Which Mining Coin Is Most Profitable?
Conclusion
Bitcoin has become a popular investment asset, with a growing number of individuals holding 1 Bitcoin or more. The exact number of people holding 1 Bitcoin is unknown, but according to blockchain data, over 800,000 addresses hold 1 Bitcoin or more. The price volatility, adoption rate, and accessibility of Bitcoin influence the number of people holding 1 Bitcoin. As Bitcoin continues to gain adoption and popularity, the number of people holding 1 Bitcoin is likely to increase.
