At Least 0.45% Of The World's Population Holds $1 Or More Worth Of Bitcoin. Analyzing Bitcoin's Address Distribution And Ownership At The Time Of Writing. Where Is All The Bitcoin Located?

In this post I'll analyze the bitcoin's address distribution and ownership to see in which wallets (quantity wise) is located. The better the Bitcoin is distributed over all the wallets, the less power 'whales' will have. Also please take a note that the data is from BTC wallets, so users that store their BTC in centralized exchanges will have their BTC in the centralized exchanges hot wallet (where most of the time all the BTC is stored from all customers).

Let's start with the address distribution with their BTC balances:

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Address distribution (in BTC)

There are only 4 wallets that have more than 100k BTC which is a significant amount. The circulating supply of BTC is 19,301,000.00, so each wallets have at least an ownership of 0.518% from the circulating supply.

Now let's make the data more visible:

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A visible look of the Bitcoin distribution data

In this graph we can conclude that the most addresses with BTC in it have between 0.001 BTC and 0.0001 BTC. The amount of zero balance addresses are 1,051,193,879 which is about 95% of all the Bitcoin wallet addresses.

If we look at the Bitcoin wallet addresses in USD:

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Bitcoin wallet address distribution in USD

There are 67,481 Bitcoin millionaires at the time of writing. And even 4,924 wallets have an equivalent of $10M!

If we assume that there are 8,018,923,149 people on earth and 36,456,341 Bitcoin wallets holds $1 or more worth in BTC, then we can make a fair estimation that 0.45% of the world population holds at least $1 or more worth of BTC. That's why I personally think that we're early! Also like I said at the top of the post, in this data the people that hold their BTC in CEX are not in these calculations because their BTC is in the CEX hot wallet. So we can say that at least 0.45% of the world population holds $1 or more worth of BTC.

Sources:

1) https://messari.io/asset/bitcoin/metrics/all
2) https://bitaps.com/
3) https://www.worldometers.info/world-population/