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 <p class="paragraph">As institutional investors‘ interests continue to grow in Bitcoin (BTC), the ability to hold one whole coin could start to concentrate among these high-capitalized players. This would happen amid an increased demand for Bitcoin, which has a limited maximum supply of 21 million units, expected to be fully circulating by 2140.</p>
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 <p class="paragraph">Notably, one Bitcoin costs approximately $29,500, and there are close to 19.52 million BTC circulating, both at the time of publication.</p>
 <p class="paragraph">It is important to say that Bitcoin is a pseudonymous network, and one single individual can control multiple addresses without a known link between them. Therefore, it is factually impossible to know how many <a rel="noopener noreferrer nofollow" title="people" href="https://thebittimes.com/tag/people.html">people</a> own 1 BTC.</p>
 <p class="paragraph">Nevertheless, Finbold retrieved data from <em>BitInfoCharts</em> on October 20 that shows 1,018,130 addresses holding at least 1 Bitcoin. These addresses own around 18.12 million BTC, for 92.87% of the entire circulating supply.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="455" src="https://cdn.thebittimes.com/images/2023/10/20/5e2b2e02478a5fd5eebcfbe768f15d00.webp" alt="Bitcoin (BTC) distribution" class="wp-image-133412" srcset="https://cdn.thebittimes.com/images/2023/10/20/5e2b2e02478a5fd5eebcfbe768f15d00.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/5e2b2e02478a5fd5eebcfbe768f15d00.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/5e2b2e02478a5fd5eebcfbe768f15d00.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/5e2b2e02478a5fd5eebcfbe768f15d00.webp 1436w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Bitcoin (BTC) distribution. Source: <em>BitInfoCharts.com</em>
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 <p class="paragraph">Interestingly, if we considered the number of addresses as the BTC population, the number of addresses that own at least 1 Bitcoin would be equal to capital cities such as Ottawa in Canada, or Abu Dhabi in the United Arab Emirates, both with around 1 million population.</p>
 <p class="paragraph">This population holds around $534.54 billion in value considering Bitcoin price by press time, which is more than 100 billion dollars higher than the $415 billion GDP of the whole United Arab Emirates.</p>
 <p class="paragraph">However, this capital is concentrated in an even smaller number of <a rel="noopener noreferrer nofollow" title="people" href="https://thebittimes.com/tag/people.html">people</a> who own 1 Bitcoin or more. According to the website <em>BuyBitcoinWorldwide.com</em>, each person owns, on average, between 3 to 10 cryptocurrency wallets and hundreds of different addresses.</p>
 <p class="paragraph">Besides that, the same website affirms that the vast majority of addresses are controlled by custodians, like cryptocurrency exchanges. With just a small percentage of all the Bitcoin addresses belonging to economically active wallets owned by private <a rel="noopener noreferrer nofollow" title="people" href="https://thebittimes.com/tag/people.html">people</a> on the network.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/how-many-people-own-1-bitcoin-tbt67146.html">https://thebittimes.com/how-many-people-own-1-bitcoin-tbt67146.html</a></p>

How many people own 1 Bitcoin?

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