How many people own 1 bitcoin?

It is difficult to determine exactly how many people own 1 bitcoin since Bitcoin transactions are pseudonymous and can involve multiple addresses. However, some estimates can be made based on blockchain data and surveys of Bitcoin holders.

According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network. However, it is essential to note that a single person or entity can own multiple addresses, and thus, the number of actual Bitcoin holders may be lower.

Additionally, a survey conducted by Glassnode in 2020 found that only 23.6% of Bitcoin holders own more than 1 bitcoin, while the majority of holders (76.4%) own less than 1 bitcoin. This suggests that the number of individuals who own 1 bitcoin or more is relatively small compared to the total number of Bitcoin holders.

It is also worth noting that the distribution of Bitcoin ownership is heavily skewed, with a small number of large holders, often referred to as "whales," holding a significant portion of the total Bitcoin supply. As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

The article does not constitute financial advice.

Start with crypto today

Sign up on NBX, a trusted Norwegian cryptocurrency exchange and custodian, and kickstart your crypto journey safely.
Crypto 101
Explore the most popular crypto terms and find answers to your questions.

What is Cardano?

Read

What is Monero?

Read

What do the "bull" and "bear" terms mean?

Read

What is Ethereum?

Read

What is Shiba Inu?

Read

How is cryptocurrency taxed in Europe?

Read

What is Proof-of-Stake?

Read

What is OTC (over-the-counter)?

Read

What is FOMO?

Read
Blog

Insights, Trends, Analysis

Unraveling the cryptocurrency industry revolution.
#crypto101

The Remarkable History of Dogecoin: From Meme to Global Crypto Sensation

The history of Dogecoin is a testament to the power of community, humor, and collective enthusiasm within the cryptocurrency space. What started as a playful meme coin has evolved into a global sensation, embraced by a vibrant community that continues to push the boundaries of what a cryptocurrency can achieve.
4 min
2023-06-01
#crypto101

Everything You Need To Know About NFTs: A Comprehensive Guide

In recent years, the world of digital assets has undergone a revolutionary change with the emergence of Non-Fungible Tokens (NFTs). These unique tokens have captured the attention of artists, collectors, and investors alike.
10 min
2023-05-31
#crypto101

A Decade of Cryptocurrency Exchanges: From Hacks to Innovation

Over the past 10 years, the cryptocurrency market has witnessed remarkable growth, accompanied by notable incidents, evolving trends, and continuous efforts to improve security and user experience. Though, many have taken steps to enhance user fund protection and comply with regulatory requirements.
7 min
2023-05-26
Cookie Consent

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.