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Author Topic: How many people own some amount of bitcoin in the world?  (Read 3738 times)
johnwest
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June 06, 2017, 05:09:34 PM
 #81

We dont actually know because bitcoin is anonymous and cannot be traced or tracked.The no. if bitcoin addresses can be counted but that doesnt give an idea of how many bitcoins are there in each addresses.No one would excactly shout their own bitcoin balance so..

Well I know for a fact that 99.9% of the last 1000 people I met DON'T OWN bitcoin! That should give you an idea that less then 1% own bitcion. Use some common sense to deduce an aproximation you don't need your governement to do a bitcoin census for you (or @#$@#$ you a%#)

Approximately the percentage of BTC and crypto currencies transaction compared to world's total transactions is 1.5 - 2 and we know that one person can have as many addresses as he can make. I guess 0.5 or 0.4% of population may hold some BTC. Approximately.


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June 06, 2017, 11:28:37 PM
 #82

Even the system cant give you the exactly numbers of how many people own some amount of bitcoin in the world. If youll try to search it can only give you the percentage. Like in knowing the population here in the philippines we dont know the exactly population.

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June 07, 2017, 04:27:24 AM
 #83

Even the system cant give you the exactly numbers of how many people own some amount of bitcoin in the world. If youll try to search it can only give you the percentage. Like in knowing the population here in the philippines we dont know the exactly population.

Yeah its impossible to know how many exact people have bitcoins as even people have multiple wallets so you cannot know how many exact people are using it but the fact is very few people are using bitcoins at a moment.
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June 07, 2017, 05:04:50 AM
 #84

All i know is everytime we have bitcoin prices surging someone somewhere around the world has made a life changing decision to invest their money in cryptocurrency, we might not have actual numbers but we are still a small crypto group holding a very powerful financial instrument(bitcoin).

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June 07, 2017, 07:21:13 PM
 #85

I don't think so, but for me if I range the number of people used Bitcoin I think it was 25% of population in the world have an amount to bitcoin. However if we have a current count of bitcoin amount owner it was easy to rate the people who own amount in bitcoin

                         
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June 08, 2017, 01:21:44 AM
 #86

It is not possible to determine the exact number of people and amount of bitcoins they own due to the decentralization of bitcoin. There are about more than 16 million BTC circulating worldwide. The amount of people using bitcoins is low because many people are not well aware of it.

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June 08, 2017, 04:41:21 AM
 #87

It is not possible to determine the exact number of people and amount of bitcoins they own due to the decentralization of bitcoin. There are about more than 16 million BTC circulating worldwide. The amount of people using bitcoins is low because many people are not well aware of it.

I can say that we are already many in the market and people who are using bitcoin are already a lot. The percentage is still small compare to the percentage of total fiat users in the world. And awareness of the people is already spread as bitcoin is making a lot of noise and there are countries that are ready to adopt.

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June 08, 2017, 10:59:29 AM
 #88

Even the system cant give you the exactly numbers of how many people own some amount of bitcoin in the world. If youll try to search it can only give you the percentage. Like in knowing the population here in the philippines we dont know the exactly population.
yes there is no such way through which we can find out the actual number of bitcoin users. but from the increasing demand of bitcoin and the price of bitcoin we can conclude that the number of bitcoin users are increasing rapidly.


 
 
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June 09, 2017, 02:11:36 PM
 #89

I don't think so, but for me if I range the number of people used Bitcoin I think it was 25% of population in the world have an amount to bitcoin. However if we have a current count of bitcoin amount owner it was easy to rate the people who own amount in bitcoin
I'm not sure with 25%. Users may only spend between 2-3% only, there are still many areas that have not been able to access bitcoin. They are rural areas that still do not have internet access. So 2-3% is a normal number. We can not be naive that bitcoin requires that we have adequate infrastructure. Oh yes the total amount of bitcoin in each person would be difficult to calculate and I think it is impossible.

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June 13, 2017, 12:19:16 AM
 #90

you cant know ıt. but you can see how much some guys have at exchanges. yesterday there was an ether sell wall 6500 btc Smiley ı cant calculate that mount of btc here Cheesy there ıs tons of rıch here but you cant know ıt


 
 
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June 13, 2017, 12:39:33 AM
 #91

It is very difficult because BTC money is invisible and private. Therefore obviously many names can not be found easily. Must be verified one by one
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June 13, 2017, 02:07:37 AM
 #92

No idea how many exact people hold bitcoins at a moment but I am sure that its very few people who are aware about bitcoins yet and are using it as bitcoins is not too popular across the globe at a moment.
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June 14, 2017, 01:20:39 PM
 #93

It is very difficult because BTC money is invisible and private. Therefore obviously many names can not be found easily. Must be verified one by one
There might be a number of people already who have been owning some amount of bitcoin in the world yet it's still in a discrete way. Government hasn't confirmed yet about bitcoin's potential in the market. It's not that popular to some well of course it doesn't need fame however, It just needs credentials so that it will be widely spread in the world but not forcibly getting the attention of people right away. It takes a lot of time for it to be recognized fully. The case will all depend in the hands of people and the approval of the government someday but this time let's take time to save or use bitcoin even if others don't know yet.

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June 14, 2017, 02:34:46 PM
 #94

For the question if you are asking for the exact numbers there is no such thing or device to calculate for how many people own some amount of bitcoin in the world. Maybe percentage but for the exact amount it cant be.


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June 14, 2017, 02:59:29 PM
 #95

For the question if you are asking for the exact numbers there is no such thing or device to calculate for how many people own some amount of bitcoin in the world. Maybe percentage but for the exact amount it cant be.

That is true as there is no way you can trace a bitcoin address to a particular person unless the people holding them declares it as theirs or the exchanges or whatever services get a hand on who owns the wallet. Also, bitcoin anybody can generate as many addresses that they want, it becomes more difficult to know how many people own bitcoins.


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June 14, 2017, 08:56:27 PM
 #96

Impossible to know exactly, Bitcoin is pseudo anonymous. The only thing we know is the number of BTC addresses created until this moment, but it doesn't give us any estimative as one person can have one or one hundred addresses...

I believe less than 0.05% of world population uses Bitcoin at this moment.
I think for now, it is very difficult to know the number of people that own bitcoin if you want to use the number of account holders with bitcoin address. But I believe with time and technological advancement we will get least the percentage number of people that own bitcoin in the world.

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June 14, 2017, 09:09:29 PM
 #97

Actually, there is one recent research published by Cambridge, that estimates at least 2.9 million unique cryptocurrency users, most of whom are Bitcoin. So that conservative estimate means we're at approximately 0.03% adoption in terms of crypto. You can read it here:

https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-global-cryptocurrency-benchmarking-study.pdf

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June 15, 2017, 10:48:48 AM
 #98

i think well this answer is only based on my opinion, many of the people in the world holding bitcoins because they know that bitcoin has a huge potential in cryptocurrency well some people said it is the future of currency, my answer here is many people and there is some billionaires group that hold the biggest stack of bitcoins.

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June 15, 2017, 06:31:22 PM
 #99

Just wait for another 5 years maybe 50% of the global population around the world already owns 1 bitcoin. With the price getting higher and higher each day, almost everyone is craving to earn bitcoins.

7.000 billion people on the planet
0.021 billion BTC max. in circulation
0.016 currently

Do you see the mathematical impossibility with your calculation?
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