Who owns the most bitcoin

Bitcoin Ownership by Country 2023

We are not going to make the calculations here as to how many millions or billions of dollars the enterprising investors have earned on timely resale of cryptocurrencies. We are interested in approximately how many bitcoins have been accumulated on the wallets of different holders in the last couple of years, especially considering that none of the owners are in a hurry to sell them. Also, we are not going to talk about indirect methods of investing in bitcoin, an ETF (Bitcoin exchange-traded funds), because it does not offer direct purchasing of cryptocurrency. Who holds most bitcoin According to most common estimates, it is Satoshi Nakamoto, the anonymous creator of BTC, who has the largest Bitcoin holdings in the world. However, we don’t really know who this person (or group of people) is. Therefore, it is currently impossible to answer the question: Who owns the most Bitcoin?

Who has the most bitcoins in the world

Nakamoto was instrumental in the early development of Bitcoin, both by mining the first block and completing the first transaction by sending 10 Bitcoin to programmer Hal Finney. In 2010, Nakamoto disappeared and effectively handed over control to software developer Gavin Andresen. The death of democracy in India Two of the three largest Bitcoin wallets are those of Binance and Bitfinex crypto exchanges. 252,597 BTC are stored in Binance’s cold wallet. Bitfinex’s cold Bitcoin 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 the total circulating supply of Bitcoin is split amongst the top three wallets.

Satoshi Nakamoto

Then take control. Now that most of the people holding bitcoins and many of the people mining bitcoins are using your software, you’re at liberty to change it as you see fit. As with Bitcoin Cash, a rebellious few will choose to stop using your wallet and will instead send their transactions to the few ideologically driven miners who continue working on the old Bitcoin blockchain. Don’t worry about them. The real Bitcoin, the one that nearly everyone in the world is using, is now yours. About The Motley Fool For context, the U.S. Department of Justice seized $3.6 billion worth of Bitcoin connected to the 2016 Bitfinex hack last year. Before that, the government took 70,000 BTC from Ross Ulbricht when it brought down the Silk Road.

Who owns most bitcoin

As you can imagine, few addresses hold extremely large amounts of the digital currency. For instance, there were only five addresses with BTC balances ranging from 100,000 -1,000,000. These addresses account for 4.32% of the bitcoin in circulation. As the bitcoin amount drops to 10,000, 1,000, 100, and 10, the number of addresses holding these balances increases, as shown in the table below. Become a member However, some models use the total supply of bitcoin excluding the more than 1,000,000 BTC that Satoshi Nakamoto received in block rewards and the estimated 3-4 million coins that are lost forever. This places the total supply of bitcoin closer to 18 million rather than 21 million. Regardless of the model used, there is a strict upper limit on the number of bitcoin that will ever exist. Therefore, all bitcoin owners can be confident that their share of bitcoin will never be diluted below a certain percentage.

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