This article will provide a detailed analysis of Bitcoin’s value, take a look at its supply, distribution, and answer the burning question: Who has the most Bitcoin?
What Gives Bitcoin Its Worth?
As you probably know, Satoshi Nakamoto invented Bitcoin. He wanted it to be a more democratic, open and popular alternative for fiat money. What is Bitcoin and why does it have such a high value?
Bitcoin is a peer to peer network that allows users without the need of intermediaries such as banks or credit card companies to send and collect payments. Transactions are recorded on the Bitcoin blockchain — a distributed ledger — and each transaction is verified by Bitcoin miners who use powerful computer rigs to solve complex mathematical problems.
Bitcoin is not subject to regulation by any central authority so it is virtually immune from government interference and manipulation. This is what gives Bitcoin its value. Another factor that contributes to Bitcoin’s value is its limited supply: there will only ever be 21 million Bitcoins in existence. Bitcoin’s value increases with increased demand. Bitcoin has become a popular alternative currency to fiat currencies because of its unique properties.
BTC is often referred to as “digital gold” because it shares many of the same properties as physical gold. BTC is also scarce, durable and easily divisible. BTC, like gold, is a popular choice for investment because it can be used as an inflation hedge. BTC is a more attractive investment option than gold because it has many advantages. BTC is more portable than gold and can be stored and transported easily. BTC can also be divided into smaller units, and sold or bought in fractions. BTC is also global. It can be purchased or sold anywhere in the globe without conversion. BTC is a popular alternative for gold because of its many advantages.
How Many Bitcoin holders Are They There?
At the end of 2022 there were more than 200,000,000 unique Bitcoin wallets, and around 106 million Bitcoin users. There is a reason why these two numbers differ, and we’ll touch on this later. Although the exact number of Bitcoin owners is not known, it is evident that they have been steadily increasing in recent years. Given the rising popularity and value of Bitcoin, this is not surprising. The number of Bitcoin holders is expected to increase as more people understand the benefits of Bitcoin.
Who Are the Bitcoin Billionaires?
The term “whales” refers to large Bitcoin holders who possess 1,000 or more BTC. This can be people, businesses, institutions, countries… The individuals with the most Bitcoin holdings are listed below.
How much bitcoin? Does it Satoshi Nakamoto Hold?
Satoshi Nakamoto created Bitcoin and was also the first to add transactions blocks to the blockchain. From January 3, 2009 to his departure from the project, in 2011, he mined close to 22,000 blocks, and received 1.1million BTC. An estimated 22,000 addresses are used to house Satoshi’s Bitcoin hoard.
Cameron and Tyler Winklevoss
According to reports, the twins hold approximately 70,000 BTC and have invested in many cryptocurrency start-ups. They also hold Bitcoin and have made investments in other cryptocurrencies. In 2014, they launched the cryptocurrency exchange Gemini. They appeared on Forbes’ crypto billionaires list for blockchain and cryptocurrencies in 2022.
Tim Draper is a well-known venture capitalist who made his first Bitcoin purchase back in 2012. He purchased 29,656 BTC at $18.7million in the U.S. Bitcoins seized from Silk Road, a notorious dark web marketplace, were auctioned by Marshals.
Michael J. Saylor
The American entrepreneur frequently tweets in favor of Bitcoin and makes the headlines for his business, MicroStrategy, which consistently purchases Bitcoin — even during bear markets. Besides, Saylor apparently possesses at least 17,732 Bitcoins himself — he disclosed the amount of Bitcoin he personally owned in his 2021 interview.
Barry Silbert, CEO and Coinbase CEO, are believed to have significant amounts of Bitcoin. The exact amount of Bitcoin they possess is not known.
Sam Bankman-Fried is the CEO of FTX, and was involved in the recent FTX exchange crash. He is also listed on the list. Media reports claim that FTX owes more than $3 billion to creditors. A further $1 billion worth of customer funds is reported to be missing. Sam Bankman Fried will likely have to tap his personal savings, as well as his Bitcoin investments, in order to pay for the damages.
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Top Companies Holding Bitcoin
Private and public companies can embrace Bitcoin, even though a significant portion of it is owned by individuals. Businesses have the option of investing in Bitcoin with corporate funds (known as treasuries). Numerous businesses have invested in Bitcoin and digital assets to protect themselves from negative yield bonds and inflation.
ETFs, public companies, and private businesses together hold over 1.5 million BTC or 7% of total supply.
Michael Saylor’s Microstrategy is a public corporation with the largest amount of Bitcoin. Microstrategy has accumulated approximately 0.689% of total supply (or more than 130,000 BTC) since August 2020 when it began to buy Bitcoin. MicroStrategy may have inspired other publicly traded companies to add Bitcoin to their balances.
Galaxy Digital Holdings
Galaxy Digital is a financial management and investment company that also mines Bitcoin. The corporation currently holds 40,000 BTC.
Tesla bought around 4,200 BTC in Feb 2021, but only 75% of the Bitcoins it purchased during the downmarket in cryptocurrencies in 2022. This move didn’t sit right with those who remember Musk’s 2021 tweet saying: “Tesla will not be selling any Bitcoin.”
Other publicly traded companies also own Bitcoin, such as Bitfarms Limited and Voyager Digital Limited.
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Private companies hold just 0.829% of Bitcoin’s total supply, which is about 174,000 BTC.
Mt. Mt. Multiple hacking attempts against the Japanese exchange resulted in the loss of users’ money. The exchange declared bankruptcy in April 2014.
Block.one was the company that developed the EOS cryptocurrency.
The Tezos Foundation
Switzerland-based Tezos Foundation supports the Tezos protocol and ecosystem.
Direct Bitcoin Exposure
Investors who want to be exposed to Bitcoin but not actually buy it can consider indirect Bitcoin exposure. Diversifying your holdings across multiple Bitcoin-related assets could lower your risk, according to some investors. Bitcoin ETFs attempt to track Bitcoin prices, although imperfectly. As traditional methods of indirect investing, stocks, mutual funds, as well as exchange-traded funds can be used. A Bitcoin exchange-traded funds (ETF) may include equities and other Bitcoin-related assets, creating a diverse portfolio.
ETFs hold 816,379 BTC, or 3.88%, of the total supply. Grayscale Bitcoin Trust (GBTC) is the largest Bitcoin ETF and holds 654,600 BTC or 3.2% of total supply.
The Top 5 Countries that Have the Most Bitcoin
Global governments hold approximately 271,417 Bitcoins (1.29%) This includes:
- Bulgaria, 213,519 Bitcoins;
- The Ukrainian government, 46.350 bitcoins
- El Salvador, 2,380 Bitcoins;
- Finland, 1,980 Bitcoins;
- Georgian government, 666 Bitcoins
Rumours also suggest that the U.S. government might secretly hold Bitcoin and other cryptocurrencies. The stockpile was formed from Bitcoins that were seized in criminal investigations and then sold at auctions. The exact amount of the U.S. cryptocurrency inventory is unknown.
What is Institutional? Bitcoin ownership Mean?
In general, it’s not a big deal if countries and institutions possess a major portion of Bitcoin. Additionally, Bitcoin’s use increases when businesses like Tesla invest in them. In fact, it’s conceivable that as more institutions turn to Bitcoin, its usage as a conventional currency — with fewer restrictions — will grow.
Top 3 Largest Bitcoin wallets
Although there are approximately 200 million Bitcoin wallets, this does not reflect the true number of Bitcoin owners. One person or organization could have many wallets.
According to BitInfoCharts’ Bitcoin Rich list, over 945,000 addresses had balances of 1–1,000,000 BTC at the time of writing this article.
Binance and Bitfinex are the largest Bitcoin wallets. 252,597 BTC are stored in Binance’s cold wallet. Bitfinex’s cold wallet has 168,010 BTC. Due to the fact that they also store customers’ Bitcoin deposits, the cryptocurrency exchanges may not actually be the sole owners of all these currencies. 2.9% of Bitcoin’s total circulating supply is split between the top three wallets.
Bitcoin Wealth Distribution
Bitcoin’s current circulating supply is 19,211,106 BTC. Around 4 million Bitcoins have been believed to have been lost since the digital currency was first introduced.
What happens after all the Bitcoins are mined?
It can be difficult to predict what will happen once all Bitcoins are mined, as the cryptocurrency system is still in flux. The economics of this cryptocurrency asset will change once 21,000,000 Bitcoins are available.
The incentives for miners and dealers will be different. In lieu of receiving block reward rewards, miners could earn profit and money from transaction fees. Even for people with the most Bitcoin, the Bitcoin network is completely unpredictable. Consequently, it is difficult to forecast what will actually occur and what the price of “fully diluted Bitcoin” will be.
How to Buy Bitcoin BTC on Changelly
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It is intuitively and quickly possible to buy bitcoins. You can try it!
What makes Bitcoin so special?
Because of its immutability and censorship resistance, Bitcoin stands out as an asset that is unique.
Bitcoin is a good investment.
Bitcoin can be a great investment, but only if you are willing to take some risk.
How to Get Bitcoin
A reliable wallet and crypto exchange are essential for buying Bitcoin. And even if there may be difficulties with the latter, there are no doubts about the former — Changelly is always at hand!
Who has the most Bitcoins? The answer isn’t as easy as you might think. Although there are many people and organizations that hold large amounts of Bitcoin, it’s impossible to determine who holds the largest. We do know that all Bitcoins are worth more than $1.03 trillion and that this number is growing every day. There is a lot at stake and people are interested in learning more about Bitcoin technology. It will be fascinating to see the changes in the digital landscape and who emerges as the dominant players in this new digital economy, as cryptocurrency continues to gain popularity.
Disclaimer: This article does not contain any investment or financial advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. This information is provided without warranty as to its accuracy, reliability, and completeness. High volatility and occasional arbitrary movements are common in the cryptocurrency market. Investors, traders, and regular crypto users need to research different viewpoints before making an investment.