How many people own bitcoin

With the median US salary at $56,420, 1 Bitcoin is on a par with approximately half of that. BTC could become out of reach if high prices return, as we saw during the relentless yet bull market during the pandemic. For people who can’t afford Bitcoin, the best option would be to buy a fraction of BTC – the satoshi is the smallest denomination. There are several decentralized exchanges available to complete such a transaction. For a long time, Bitcoin was a small amount of money; that’s certainly not the case anymore.  How many holders does bitcoin have There will only ever be 21 million BTC, meaning that most people on Earth can own just a tiny fraction of a coin at most. In reality, though, distribution is far more lopsided. Some early adopters and wealthy holders have thousands, or even hundreds of thousands of BTC.

Tether’s price is anchored at $1 per coin. That’s because it is what’s called a stablecoin. Stablecoins are tied to the value of a specific asset, in Tether’s case, the U.S. Dollar. Tether often acts as a medium when traders move from one cryptocurrency to another. Rather than move back to dollars, they use Tether. However, some people are concerned that Tether isn’t safely backed by dollars held in reserve but instead uses a short-term form of unsecured debt. SafePal: 3.7 out of 5 stars The Grayscale Bitcoin Trust holds 644,000 BTC which are valued at around 18.9 billion dollars, an insane amount of money to have in BTC. CoinShares/XBT provider has 48,466 BTC, whereas the Purpose Bitcoin ETF has 31,453 BTC.

In April 2021, Swiss insurer AXA announced that it had begun accepting Bitcoin as a mode of payment for all its lines of insurance except life insurance (due to regulatory issues). Premier Shield Insurance, which sells home and auto insurance policies in the US, also accepts Bitcoin for premium payments. Get your daily dose of crypto and trading info A potential concern surrounding Ethereum's distribution has to do with voting rights. Since validators can now vote on blockchain proposals using their staked ETH, some worry large staking pools will dictate the future direction of the Ethereum blockchain. However, Ethereum developers are hoping to introduce new features like sharding that may add extra decentralization to the blockchain.

Also, 67.5% of UK citizens indicated that they don’t want to invest in Bitcoin. Nevertheless, 6.8% of respondents indicated they did not own any Bitcoin but were planning to acquire it. 2023 Global bitcoin Ownership Overview No one can provide an exact answer to “how many people own Bitcoin” or “how many people own Ethereum” because a single user can have multiple anonymous addresses on the network. We can however analyse the data available in block explorers, company reports and research posts to make an estimate.