How many Bitcoin billionaires are there?
There are 425 million users of all cryptocurrencies worldwide. The total market cap of all cryptocurrencies is $1.18 trillion. Out of all 425 million crypto users, just 22 are crypto billionaires. There are 182 crypto centimillionaires.
Key Takeaways. There are 88,200 crypto millionaires worldwide. 40,500 of these millionaires have amassed their fortune in Bitcoin (BTC). The number of global crypto owners reached 580 million by the end of 2023, according to Crypto.com.
For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he's known, is now worth an estimated $33 billion, up from $10.5 billion last year.
There are 16 cryptocurrency billionaires in Forbes' ranking of billionaires. Sam Bankman-Fried is still on the list as the seventeenth, but Forbes lists the ex-CEO of FTX with no wealth.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
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.
Today, roughly 1 million wallet addresses have more than 1 bitcoin. Think about that for a moment — only 1 million out of the nearly 8 billion people on Earth own at least one full bitcoin. That works out to be only about 1 in every 8,000 people!
The shortest amount of time it can take to mine at least 1 bitcoin is about 10 minutes. However, the actual time it can take you depends on several factors such as the hashing power of your mining hardware, the overall network hash rate, and the Bitcoin mining difficulty.
While it's highly unlikely that the price of Bitcoin will go down to zero, there are a few things that can happen down the road and hamper BTC's growth.
Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 2 million bitcoins left to be mined.
How do you cash out Bitcoin?
- Use an exchange to sell crypto.
- Use your broker to sell crypto.
- Go with a peer-to-peer trade.
- Cash out at a Bitcoin ATM.
- Trade one crypto for another and then cash out.
- Bottom line.
Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment.
NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
Year | Minimum Price | Average Price |
---|---|---|
2028 | $359,657.03 | $369,638.03 |
2029 | $517,096.29 | $531,882.81 |
2030 | $746,322.36 | $772,916.70 |
2031 | $1,103,061.68 | $1,133,978.59 |
Type of site | Private |
---|---|
Headquarters | Saint Kitts and Nevis |
Area served | Worldwide |
CEO | Corbin Fraser |
Industry | Cryptocurrency |
Bitcoin is not controlled by any single group or person. Instead, it is governed by multiple stakeholders — including developers, miners, and users. Developers write the code that makes Bitcoin run; miners validate transactions; and users put the software to work by trading, transacting, holding, and more.
In 2020, the number of wallets – defined as a set of blockchain addresses controlled by a single entity – holding at least 1,000 bitcoins has increased by 302 (17%) and is now at a record high of 2,052, according to Philip Gradwell, economist at Chainalysis.
In its latest research report, Ark Invests suggests an optimal Bitcoin allocation of 19.4%. In previous years, Ark Invest's optimal Bitcoin allocation was in the 0.5% to 6% range.
A recent survey conducted by bitcoin financial services firm Unchained found that 86 million Americans — 26% of the U.S. population — owns bitcoin. But the reality is that, even if they have heard of "crypto," the average investor in the U.S. and beyond knows very little about this nascent asset class.
Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.
How much Bitcoin does China own?
Governments Holding the Most Bitcoin
Governments across the world own an estimated 565,749 BTC, representing 2.69% of the total supply. The Chinese government reportedly holds 194,000 BTC that was recovered from the Plustoken scam in 2019. Members of the Ukrainian government privately hold roughly 46,351 BTC.
Country | Ownership Total 2023 (millions) | % Of Population Who Own Bitcoin 2023 |
---|---|---|
India | 85.5 | 6.3% |
China | 27.8 | 0% |
United States | 20.5 | 6.2% |
Nigeria | 15.2 | 7.6% |
Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.
Mining Bitcoin for free is a bit tricky. It typically requires specialized hardware and consumes a significant amount of electricity. While there are some apps and websites that claim to offer free Bitcoin mining, they often turn out to be scams or not very effective.
How Long Does It Take to Mine 1 Bitcoin? The reward for mining is 6.25 bitcoins. In April 2024, it will drop to 3.125 bitcoins. It takes the network about 10 minutes to mine one block, so it will take 10 minutes to mine 3.125 bitcoins.
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