Topic: How many individual holders of Bitcoin are there? - page 4. (Read 806 times)
It is almost impossible to tell who has an individual investment in Bitcoin and how much Bitcoin is held. It can't really be calculated in any way. Assuming that the most advanced technology is used to calculate this but whenever it is calculated completely, it will be seen that more than one amount of investors have invested before calculating but then the calculation will be wrong. If you know any investor, you can know about his investment through him, but it is not possible to know how much every investor is investing in the world or how much any investor is investing. Now if someone says that more than 2 crore people in the world have invested in Bitcoin, we have to believe it because we cannot calculate the exact amount.
It is impossible to know the statistics of how many bitcoins are held by holders. If you try to understand this you can guess by yourself. A person can use multiple bitcoin wallets. Maybe you are using one bitcoin wallet but someone else may be using 50-100 wallets or less or more. There is no obligation to use it. You can use your wallet as per your need. I don't think it is necessary to investigate this matter. We know about circulating supply I think that is enough. Out of 21 million bitcoins, more than 19 million bitcoins are held in various wallets.
Why does it reflect market volatility, do you mean because there are a number of buying and selling processes that occur on the exchange and how is this related if the holder keeps bitcoin in a wallet and never trades in the short term. As far as I remember, I once read a post about holders storing more bitcoin in their wallets compared to bitcoin that was traded on the exchange. Do you think market volatility is the same as the narrative you are trying to put forward.
So far I have never considered the amount of bitcoin holdings held, whether traded or stored in the wallet, when wanting to invest and maybe many other people also think the same about that. The reason why bitcoin is much more fundamental is because it has resilience and a four-year cycle as its journey.
I was only guessing at the volatility thing. I only know that people consider this a key metric for other instruments that are owned by a multitude of entities e.g. stocks.
Regardless of the reasons, clearly lots of people consider how widely held Bitcoin is to be an important metric. That in of itself makes it an important metric since it speaks to the perception of the instrument's popularity / desirability.
Put it another way, if a study showed that fewer and fewer people were investing in bitcoin over time, that would exert a lot of downward pressure on the price.
hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
The number of stockholders of a security is always a key metric. I guess it speaks to market volatility, the resiliency of the instrument to shocks, and so on. Also, if a security becomes more widely held over time, that's often a good sign, and more closely held can be a sign of trouble (obviously this is just one data point though).
Of course many many people here at bitcointalk.org sure think this metric is important since they insist the metric is going up all of the time, which is why they want to buy more Bitcoin :-).
Why does it reflect market volatility, do you mean because there are a number of buying and selling processes that occur on the exchange and how is this related if the holder keeps bitcoin in a wallet and never trades in the short term. As far as I remember, I once read a post about holders storing more bitcoin in their wallets compared to bitcoin that was traded on the exchange. Do you think market volatility is the same as the narrative you are trying to put forward.Of course many many people here at bitcointalk.org sure think this metric is important since they insist the metric is going up all of the time, which is why they want to buy more Bitcoin :-).
So far I have never considered the amount of bitcoin holdings held, whether traded or stored in the wallet, when wanting to invest and maybe many other people also think the same about that. The reason why bitcoin is much more fundamental is because it has resilience and a four-year cycle as its journey.
You cannot possibly do this because most of the time people are using multiple wallets even if they only own those bitcoins for themselves and the list goes on and on and so as their friends and families as well. Let's just say we have more people owning bitcoins right now compared to the last 5 years and still counting especially right now because we have lots of promotions and popular artists and companies are also joining us unlike in the past when they were avoiding us completely. The point here is, let's just be thankful because right now we are not being alienated or strangers to others because they have become one of us right now due to the fact that they also wanted to have successful investments as well.
Yeah true, there is no possible way to ever know how many people are using crypto. However, we could potentially see the active ones, because there are way too many inactive ones, check all the addresses that are active within the last 30 days, and that could be something decent to see, you are still missing all those that deal with just exchanges, but it is not a bad idea.I personally believe that the best thing to do right now would be making sure that we do not focus on the number of people who are in the crypto world, but the amount of money, that is much more important. If you look at it from the money perspective, that would always make bitcoin better. It would be better to have 1 person with 1 billion invested into bitcoin then 1 million people with one dollar invested. This is why we need to take a look at the money and not the population, and the money is there, we can see it and we can make calculations based on that as well, it's called the volume.
Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?
I would think this would be a key metric in understanding the market.
I would think this would be a key metric in understanding the market.
There were probably no accurate data about how many individual holders of Bitocin since we dont really know how many Bitcoin address one trader has, I mean one trader could easily have multiple addresses right so it's impossible to know how many addresses you have, but you could totally look it up online how many Bitcoin address was active, etc, there was a website if I'm not mistaken it was called Glassnode where they gather data as well as a graph of this data. There is also data on how many addresses have one Bitcoin on their wallet, holding less than one Bitcoin or even more, that could surely be useful in some cases on research, etc.
This is for sure not that accurate and just pretty much estimates but for sure they can be a good reference if you really want to understand the market situation, could also be useful data in the future. You could take a look at Glassnode and see it by yourself if it can be useful to you. But in my opinion, there are still so many factors that affect our market so it's really impossible to accurately predict the movement of the market probably they might be a good reference and basis but not all the time.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?
There are some results provided by a user of this forum and there are some stats you'll find online but there's no way you'll know the real number of individuals that are currently holding Bitcoin as an asset cause we have some BTC holders that like privacy and always keep themselves from prying eyes.I would think this would be a key metric in understanding the market.
The key metric to understanding the market is understanding what influences the market like positive, negative news, halving, mining difficulty, etc. 
You cannot possibly do this because most of the time people are using multiple wallets even if they only own those bitcoins for themselves and the list goes on and on and so as their friends and families as well. Let's just say we have more people owning bitcoins right now compared to the last 5 years and still counting especially right now because we have lots of promotions and popular artists and companies are also joining us unlike in the past when they were avoiding us completely. The point here is, let's just be thankful because right now we are not being alienated or strangers to others because they have become one of us right now due to the fact that they also wanted to have successful investments as well.
Its difficult to count Bitcoin holders. The blockchain's unique wallet addresses can be examined first. Its a ballpark figure as one person can have many wallets. Initial data on active wallets is available from several blockchain analytics companies.The number of Bitcoin debates on Reddit, Twitter, and specialized forums may indicate rising participation and adoption. Although its not a precise statistic, more people participating in these debates likely means more Bitcoin holders.
Bitcoin's acceptance by institutions and integration into payment systems and investment portfolios suggest ongoing rise among individual holdings. This development is more than numbers-it represents a radical change in money perception and use. Growing popularity of Bitcoin shows its resiliency and potential as a movement, not just an asset.
Bitcoin's acceptance by institutions and integration into payment systems and investment portfolios suggest ongoing rise among individual holdings. This development is more than numbers-it represents a radical change in money perception and use. Growing popularity of Bitcoin shows its resiliency and potential as a movement, not just an asset.
There's no way to know for sure. The most common assumption I've seen is taking the number of Bitcoin addresses and assuming that there's roughly one address per person (some people have more, but some addresses also contain the funds of tons of people, like wallets of crypto exchanges). But that's, of course, a very rough estimate. There are also repsentative polls, which can be quite useful, but they usually only cover specific countries. This can provide insight into how many people own some BTC in specific countries, but that doesn't give the full picture. As Bitcoin users don't need to provide IDs, and it's easy for one person to operate multiple Bitcoin wallets, it's hard to make a good estimate of the total amount of users.
I don't sure with your research because not all responder here want to answer correctly about how many bitcoin hold in their wallet, I think many trader or investor want to be anonymous without any one know how many bitcoin hold or save in their wallet. Usually some holder not only hold bitcoin in one wallet but separate it in several wallet to make difficult for detecting them are the real owner of bitcoin, actually I don't think any metrics will automatically detected with one investor only use one wallet only.
Alot!!!
Way more than 50
Well as Charles Tim said we cant really tell who owns what except the number of addresses.
That's one of the beauty of Bitcoin, its privacy.
Individuals that have multiple addresses exist while CEX holds many individual bitcoin in one wallet( why the term not your key not your wallet)
Absolutely right, many individual have multiple wallet and secure their privacy without hold bitcoin in CEX exchange, I think need privacy is most important for holding or saving bitcoin in several wallet than hold it in CEX or one wallet only. Way more than 50
Well as Charles Tim said we cant really tell who owns what except the number of addresses.
That's one of the beauty of Bitcoin, its privacy.
Individuals that have multiple addresses exist while CEX holds many individual bitcoin in one wallet( why the term not your key not your wallet)
Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?
I would think this would be a key metric in understanding the market.
I would think this would be a key metric in understanding the market.
Been done a quick research regarding on your question ask and find this article https://www.techopedia.com/cryptocurrency/how-many-people-use-bitcoin
its really interesting to know that figures since we could see how wide the bitcoin market worldwide and maybe from that statistics we can see the government can consider about possible adoption since they will be the one will get benefited for possible revenue it can generated.
But I don't think this will be the key to understand the market if you mean on possible profitability for trading it since its just a statistic and we don't know how those people move since we don't know how people use their bitcoins.
Will the presence of several addresses constitute the statistics of Bitcoin holders? How many of these addresses are simply generated and empty, and how many are addresses that have some amount but do not have an owner due to the loss of the seed phrase?
The question is similar to a child's question in that it does not connect the word “why” with the logic of the further answer.
The question is similar to a child's question in that it does not connect the word “why” with the logic of the further answer.
Unless there's someone out there that's charismatic or despotic enough or a combination of the two can convince every bitcoin hodlers to be able to show off their bitcoin stash and how many wallets they got per person to count how many hodlers there are other than that scenario as many have already said, we will never know but we can approximate how many there are by the unique transactions from different addresses per wallet but I don't think this is solid way to approximate and I just improvised it at the top of my head.
Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?
I would think this would be a key metric in understanding the market.
I would think this would be a key metric in understanding the market.
It's difficult to determine the exact number of people who own Bitcoin as there isn't a metric available for it. Furthermore, it's uncertain if the owners of particular wallets are still alive or if they still have access to their wallet due to the possibility of forgetting or losing their seed phrase. Also, some individuals use multiple wallets simultaneously, which makes it even more challenging to estimate how many people currently own Bitcoins.
I don't think this could be the key metric for understanding the market since it isn't available.
You can’t get an accurate answer to this question. One person can hold basically 20-50 different addresses in the same wallet. Most don’t want you to reuse an address and usually a change address is unique. So due to this there could be many addresses for each and every Bitcoin holder.
Wallet downloads don’t mean anything because people can hear about bitcoin, download the app, then realize there are tons of documents to fill out and give up.
Wallet downloads don’t mean anything because people can hear about bitcoin, download the app, then realize there are tons of documents to fill out and give up.
Is there some metric or study somewhere that could let us know how many individuals (individual humans) currently hold Bitcoin as an asset? Are there any metrics that could approximate the number? Estimate change over time?
I would think this would be a key metric in understanding the market.
It is impossible to say how many individuals are holding Bitcoin as an asset. Because this data is not available anywhere, you can find out how many wallets have bitcoins because bitcoin wallets can be tracked. According to data from coindesk, there is now 1 bitcoin per wallet in 1 million walletsI would think this would be a key metric in understanding the market.
https://www.google.com/amp/s/www.coindesk.com/tech/2023/05/16/one-million-individual-wallets-now-hold-a-whole-bitcoin/amp/
And in addition to this, if you google some other websites, you will get this information about how many bitcoin wallets there are, when the largest amount of bitcoin transactions are taking place from which wallet, etc. But you won't get an answer to who is holding Bitcoin as an asset
Well that is the core feature of bitcoin for you its decentralized characteristic allows for people to value and keep their privacy and be able to do transactions without anyone checking in on them
It is basically impossible because i am not sure a lot would openly admit to having bitcoin even if it is for data gathering purposes
It is basically impossible because i am not sure a lot would openly admit to having bitcoin even if it is for data gathering purposes
There is no way you can know that because a single person may have more than one address. I have not seen such research or way to know how many bitcoin holders we have. You can only know about addresses and not the holders.
True no way how someone can know that ahah
Back in 2017 I remember it being estimated that there were around 40 million users, though that may have been in crypto in general, though back then there were much fewer pro-crypto/anti-bitcoin ya know like NFT/memecoin nonsense people out there, most people getting into crypto back then got bitcoin, so way back then it was probably 30-35 million people owned bitcoin.
In 2021 I remember the 100-150 million number being thrown around for all of crypto, so for Bitcoin alone it was probably under 100 million but not too far from it.
We're still at the part of the market cycle where the majority of those people who dropped out after the bull run haven't come back yet, so even though of course more and more people are coming in every year, it wouldn't surprise me if its only like 40-50 million at the moment.
In 2021 I remember the 100-150 million number being thrown around for all of crypto, so for Bitcoin alone it was probably under 100 million but not too far from it.
We're still at the part of the market cycle where the majority of those people who dropped out after the bull run haven't come back yet, so even though of course more and more people are coming in every year, it wouldn't surprise me if its only like 40-50 million at the moment.
Jump to: