Who is the owner of 1 million Bitcoin?
But there are some compelling theories for who Satoshi really is — and who might control the 1.1 million bitcoin in known Satoshi wallets. If Satoshi is alive and in control of his keys, then he has access to holdings worth around $70 billion at today's prices. But they've never moved.
- Satoshi Nakamoto. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is more a legend than a person we can pinpoint. ...
- Cameron and Tyler Winklevoss. ...
- Changpeng Zhao (CZ) ...
- Tim Draper. ...
- Michael J. Saylor. ...
- Others. ...
- MicroStrategy. ...
- Galaxy Digital Holdings.
Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin's original reference implementation.
As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.
How many people own 1 full Bitcoin? According to the blockchain analysis platform BitInfoCharts, more than 1 million wallet addresses hold at least 1 BTC.
Over a long enough period of time, even a relatively small upfront investment could turn into $1 million or more. And, indeed, according to Henley & Partners' Crypto Wealth Report, there are more than 40,000 Bitcoin millionaires in the world right now.
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.
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.
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.
In terms of what the Bible says about it, obviously there aren't any specific scriptures about cryptocurrency.
How rich is the creator of Bitcoin?
But there are some compelling theories for who Satoshi really is — and who might control the 1.1 million bitcoin in known Satoshi wallets. If Satoshi is alive and in control of his keys, then he has access to holdings worth around $70 billion at today's prices. But they've never moved.
Mining is conducted by miners using hardware and software to generate a cryptographic number that is equal to or less than a number set by the Bitcoin network's difficulty algorithm. The first miner to find the solution to the problem receives bitcoins as a reward, and the process begins again.
In 2017, Taihuttu, his wife, and three daughters liquidated all they owned, trading a 2,500-square-foot house and virtually all their earthly possessions for bitcoin and a life on the road. This was back when the price of bitcoin was around $900. Bitcoin is currently trading around $19,700.
Bitcoin's price is primarily affected by its supply, the market's demand, availability, competing cryptocurrencies, and investor sentiment. Bitcoin supply is limited—there is a finite number of bitcoins, and the final coins are projected to be mined in 2140.
| Denominations | |
|---|---|
| Initial release | 0.1.0 / 9 January 2009 |
| Latest release | 25.1 / 19 October 2023 |
| Code repository | github.com/bitcoin/bitcoin |
| Development status | Active |
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.
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.
Simple math shows that the average bitcoin holding per person is about 262,500 satoshis. At $69,000 per bitcoin, that works out to an investment of about $180 to reach the global average bitcoin allocation. So don't be discouraged by the price of a single bitcoin.
That investment would be worth $6,859,178,076.22 today based on the same price of $28,122.63 at the time of writing. While investing in Bitcoin today may never be worth billions of dollars in the future, the hypothetical investment illustrates the large increase in value of the leading cryptocurrency over time.
- 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.
Is it good to buy Bitcoin now?
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.
Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.
Bitcoin has made many millionaires already, and you could be one, too. Over the course of its 15-year history, Bitcoin (CRYPTO: BTC) has made plenty of millionaires. In fact, data from the blockchain analytics platform Glassnode shows roughly 115,000 wallet addresses with a balance of more than $1 million today.
As Bitcoin goes increasingly mainstream, it is drawing the attention of more billionaire investors. Mass buying by billionaires could lead to a supply squeeze, sending the price of Bitcoin soaring. As billionaire hedge fund managers boost their exposure to Bitcoin, it could lead to unpredictable outcomes.
In 2016, Dutch national Didi Taihuttu, his wife and three daughters sold everything they owned to invest in Bitcoin when it was trading at only $900. “We sold everything we had – house, cars, motorbikes, holiday home, clothes, toys, furniture and [it] all went into Bitcoin,” Mr Taihuttu tells The National.
References
- https://www.nasdaq.com/articles/where-dave-ramsey-mark-cuban-and-other-money-experts-stand-on-crypto-in-2024
- https://www.livemint.com/news/world/does-bill-gates-own-any-cryptocurrency-here-s-what-he-has-to-say-to-crypto-investors-11653113615427.html
- https://www.forbes.com/sites/johnhyatt/2024/04/02/the-richest-crypto-and-bitcoin-billionaires-in-the-world-2024/
- https://www.investopedia.com/news/tesla-billionaire-elon-musk-reveals-how-much-bitcoin-he-owns/
- https://www.quora.com/Can-a-bitcoin-transaction-be-traced-back-to-its-original-IP-address
- https://www.quora.com/Is-it-possible-to-trace-bitcoin-transactions-after-they-have-been-sent-or-received-even-when-using-a-mixer-service?no_redirect=1
- https://www.techopedia.com/cryptocurrency/how-many-people-use-bitcoin
- https://coinpedia.org/price-prediction/bitcoin-price-prediction/
- https://www.blockchain-council.org/cryptocurrency/how-many-bitcoins-are-left/
- https://www.cftc.gov/sites/default/files/2023-04/SpotFraudSites.pdf
- https://en.wikipedia.org/wiki/Bitcoin.com
- https://www.quora.com/Can-you-explain-the-statement-Bitcoin-is-going-to-zero-What-would-need-to-happen-for-this-to-be-true-How-probable-is-it-that-this-will-happen
- https://www.tastycrypto.com/blog/crypto-portfolio-trackers/
- https://www.fool.com/investing/2024/02/05/how-much-of-your-portfolio-should-you-allocate-to/
- https://www.forbes.com/advisor/investing/cryptocurrency/can-bitcoin-reach-100k/
- https://finance.yahoo.com/news/heres-much-bitcoin-become-millionaire-173014879.html
- https://en.wikipedia.org/wiki/Bitcoin
- https://seedtime.com/christians-and-crypto/
- https://www.gemini.com/cryptopedia/who-controls-bitcoin-inventor-satoshi-nakamoto-btc-explained
- https://www.techopedia.com/cryptocurrency/best-bitcoin-alternatives
- https://www.coindesk.com/markets/2020/12/11/wallets-with-over-1000-bitcoin-have-hit-record-number-chainalysis/
- https://www.quora.com/When-receiving-bitcoins-does-your-name-show-up
- https://www.quora.com/Is-it-possible-to-trace-a-stolen-Bitcoin-using-its-IP-address-or-any-other-information-on-the-blockchain-after-it-has-been-sent-out-of-an-exchanges-wallet
- https://abcnews.go.com/US/year-crypto-broke-customers-investors-lost-millions/story?id=96662010
- https://www.linkedin.com/pulse/how-do-government-agencies-track-bitcoin-samuel-amponsah
- https://www.cryptodispensers.com/blog/withdraw-bitcoin
- https://www.investopedia.com/tech/how-does-bitcoin-mining-work/
- https://www.bankrate.com/investing/how-to-cash-out-crypto-bitcoin/
- https://medium.com/thedarkside/how-many-people-own-1-bitcoin-this-will-shock-you-85fb20da984b
- https://community.ig.com/forums/topic/23825-the-number-of-addresses-holding-more-than-100-btc-has-reached-a-four-month-low/
- https://www.nerdwallet.com/article/investing/is-bitcoin-a-good-investment
- https://www.fool.com/investing/2024/03/22/billionaires-are-buying-bitcoin-what-does-it-mean/
- https://news.northeastern.edu/2024/03/12/should-you-invest-in-crypto-bitcoin/
- https://tokentax.co/blog/how-to-cash-out-crypto-bitcoin
- https://www.ifwglobal.com/asset-recovery/cryptocurrency-tracing/
- https://99bitcoins.com/buy-bitcoin/anonymously-without-id/
- https://markets.businessinsider.com/news/stocks/how-much-100-in-bitcoin-today-could-be-worth-in-2030-if-cathie-wood-s-price-prediction-comes-true-1031934705
- https://www.bitcoin.com/get-started/how-bitcoin-transactions-work/
- https://www.quora.com/What-information-can-you-glean-from-someones-BTC-bitcoin-wallet-address-Is-it-possible-to-identify-the-owner-of-this-address-with-only-some-information
- https://www.aiprise.com/blog/crypto-exchanges-and-identity-verification
- https://www.kraken.com/convert/usd/btc
- https://www.thenationalnews.com/business/money/2021/08/17/this-family-sold-everything-they-owned-to-invest-in-bitcoin-when-it-was-900/
- https://en.wikipedia.org/wiki/Satoshi_Nakamoto
- https://www.quora.com/Do-I-have-to-pay-a-fee-to-withdraw-my-funds-from-Bitcoin-mining
- https://www.investopedia.com/terms/b/bitcoin-mining.asp
- https://www.techopedia.com/cryptocurrency/next-crypto-to-explode
- https://www.wealthprofessional.ca/investments/alternative-investments/crypto-holdings-have-made-some-people-billionaires-but-how-many/379427
- https://builtin.com/companies/type/cryptocurrency-companies
- https://changelly.com/blog/bitcoin-price-prediction/
- https://www.fool.com/investing/2024/04/23/1-top-cryptocurrency-to-buy-now-hint-its-not-bitco/
- https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
- https://www.binance.com/en/square/post/1301838
- https://www.axios.com/2024/03/06/satoshi-nakamoto-bitcoin-boom-craig-wright
- https://river.com/learn/who-owns-the-most-bitcoin/
- https://consumer.ftc.gov/articles/what-know-about-cryptocurrency-and-scams
- https://www.investopedia.com/articles/people/083016/who-are-top-5-bitcoin-millionaires.asp
- https://www.sofi.com/learn/content/how-many-bitcoins-are-left/
- https://www.thetimes.co.uk/money-mentor/investing/cryptocurrency/how-high-could-bitcoins-price-go
- https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/
- https://nbx.com/crypto101/how-many-people-own-1-bitcoin
- https://www.investopedia.com/terms/s/satoshi-nakamoto.asp
- https://www.usatoday.com/story/money/investing/2024/03/15/bitcoin-could-soar-to-more-than-1-million-before-2030-says-cathie-wood/72941530007/
- https://www.quora.com/Is-it-possible-to-get-a-refund-from-a-scammer-if-you-paid-them-with-bitcoin-or-other-cryptocurrency
- https://www.stilt.com/crypto/how-to-find-a-bitcoin-transaction-on-blockchain/
- https://www.ledger.com/academy/topics/crypto/best-bitcoin-crypto-wallet-tracker-tools
- https://www.thestreet.com/crypto/innovation/one-in-four-americans-now-hold-bitcoin-and-crypto-is-going-mainstream
- https://finance.yahoo.com/news/warren-buffett-warming-bitcoin-berkshire-213010874.html
- https://www.reuters.com/technology/sam-bankman-fried-be-sentenced-multi-billion-dollar-ftx-fraud-2024-03-28/
- https://river.com/learn/how-long-does-it-take-to-mine-one-bitcoin/
- https://www.ccn.com/safest-most-secure-crypto-exchanges/
- https://www.quora.com/Can-bitcoin-be-mined-for-free-If-so-what-is-the-most-effective-method-or-app-for-doing-so
- https://finance.yahoo.com/news/4-reasons-buy-bitcoin-10-104700297.html
- https://www.nasdaq.com/articles/is-now-a-good-time-to-buy-bitcoin-updated-2024
- https://primexbt.com/for-traders/what-to-expect-if-i-invest-100-in-bitcoin-today/
- https://www.ledger.com/academy/topics/crypto/who-owns-the-most-bitcoin-the-largest-bitcoin-wallet-addresses
- https://www.cnbc.com/2022/07/02/bitcoin-family-say-they-lost-1-million-in-value-this-year.html
- https://www.techopedia.com/how-many-crypto-millionaires-are-there
- https://www.investopedia.com/articles/forex/042015/why-governments-are-afraid-bitcoin.asp
- https://cryptomus.com/blog/elon-musks-crypto-picks-what-digital-assets-does-he-own
- https://www.investopedia.com/terms/b/bitcoin.asp
- https://www.nasdaq.com/articles/if-you-invested-$1000-in-bitcoin-when-it-launched-heres-how-much-youd-have-now
- https://coincodex.com/article/23669/what-if-i-invest-100-in-bitcoin-today/
- https://finance.yahoo.com/news/cash-crypto-bitcoin-154906515.html
- https://www.saunders.co.uk/news/how-to-recover-bitcoin-cryptocurrency-from-scammers-and-fraudsters/
- https://nydig.com/learn/buying-a-fraction-of-a-bitcoin
- https://support.bitcoin.com/en/articles/3569179-how-do-i-send-and-receive-bitcoin
- https://finance.yahoo.com/news/crypto-rise-could-help-become-115000983.html
- https://www.fastcompany.com/90949038/bitcoin-price-billionaires-list-crypto-wealth-2023
- https://www.binance.com/en-ZA/square/post/498355621953
- https://www.quora.com/Is-it-possible-for-police-to-track-down-individuals-who-use-bitcoin-and-other-cryptocurrency-transactions
- https://www.investopedia.com/best-crypto-exchanges-5071855
- https://www.visualcapitalist.com/worlds-largest-corporate-holders-of-bitcoin/
- https://bitcoin.org/en/you-need-to-know
- https://www.usatoday.com/story/money/investing/2024/04/21/is-bitcoin-a-millionaire-maker/73380530007/
- https://www.quora.com/Which-crypto-does-Mark-Zuckerberg-own
- https://www.coinbase.com/price/bitcoin
- https://www.linkedin.com/pulse/can-you-get-rich-from-investing-crypto-michelle-hunt-kpojc
- https://worldpopulationreview.com/country-rankings/bitcoin-ownership-by-country
- https://www.coinbase.com/converter/btc/usd
