FOMO

Biden

Bitcoin

April

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 <p class="paragraph">Though the road has been rocky, with the 12 months starting in May 2022 being particularly dark for the industry, cryptocurrencies have, nonetheless, shown their resilience and continued their integration with the global financial systems.</p>
 <p class="paragraph">So far, 2024 is proving to be a particularly eventful year given that it started with the approval of the U.S.’ first-ever spot Bitcoin (BTC) exchange-traded funds (ETFs) – instruments that have already done much to expand investors’ exposure to the crypto market.</p>
 <p class="paragraph">Bitcoin adoption is also evident in another statistic – the number of addresses that hold at least $1 worth of the coin.&nbsp;</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">Indeed, in 2022, Finbold reported that there are as many as 35 million addresses holding at least $1 worth of BTC – up to 0.4% of the global population at the time.</p>
 <p class="paragraph">Figures retrieved in May 2024 from <em>BitInfoCharts.com</em> indicate that the number has risen significantly, and there are, in fact, as many as 84 million such addresses. This means that approximately one out of every 96 people in the world might own at least some Bitcoin – slightly more than 1% of the global population of 8.1 billion.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/rb53n7jkK_9LDLZ-_PA8cQzd5smCKSIjNIHvD6PcWfc5evsPWCIoZuxl59h1GkYPOWFFJk3K3Ng9FSBRsOoPN85_LUcCeVtBIUqRT6GIOQzaBV12SqwDxub3-G09cju_CSUot1Lxf6mj0oInxzsD44Q" alt="">
  <figcaption class="wp-element-caption">
   Number of addresses with more than $1 worth of BTC. Source: BitInfoCharts
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 </figure>
 <p class="paragraph">It is important to note that this figure represents an upper bound, as a single individual may hold Bitcoin in multiple accounts, resulting in more than one address per <a rel="noopener noreferrer nofollow" title="person" href="https://thebittimes.com/tag/person.html">person</a>.</p>
 <p class="paragraph">Likewise, at least some of the rise might be accounted for by the increase in the price of the cryptocurrency as Bitcoin price today stands at $69,953 following a 66.10% year-to-date (YTD) rise.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/PWvj6YayfT9sUhk3tVsPdDPj4ESAnQw0vx1OArxyyhiA-y8B3sW59wsWauEDEwtUEhxBbp4LOPdR_aLeOR_w7Ha0n21VMHoei6YevkM9Ljj3QJakulo1kAOpnI7YUGSgKTc8K50h_3kkwVv4jtPkBNw" alt="">
  <figcaption class="wp-element-caption">
   BTC YTD price chart. Source: Finbold
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 </figure>
 <h2 class="wp-block-heading" id="h-drivers-for-bitcoin-ownership">Drivers for Bitcoin ownership</h2>
 <p class="paragraph">It is, in general, likely that the ongoing crypto market boom is responsible for the number of relevant Bitcoin addresses as investors were likely keen to take advantage of the rally.&nbsp;</p>
 <p class="paragraph">The trend was only boosted by the bullish forecasts surrounding the latest BTC halving event – which occurred in April – and by the mainstream legitimization offered by the Securities and Exchange Commission’s (SEC) approval of Bitcoin ETFs.</p>
 <p class="paragraph">Indeed, though many prominent cryptocurrency advocates are generally not appreciative of SEC’s hawkish approach to the industry, there is a strong possibility that the higher levels of discussion stemming from enforcement actions&nbsp; – along with the sense of a lawman arriving in the Wild West – has done much to make digital assets appear as sensible investments to more traditional traders.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/every-96th-person-on-the-planet-currently-owns-at-least-1-in-bitcoin-tbt89253.html">https://thebittimes.com/every-96th-person-on-the-planet-currently-owns-at-least-1-in-bitcoin-tbt89253.html</a></p>

Every 96th person on the planet currently owns at least $1 in Bitcoin

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