As of Jan. 14 we already have 784,000address that owns 1 bitcoin or more. The number is already had an 11% increase from 707,000 that is recorded a year ago. In 2015 has more than doubled. Most of the address came from exchanges and big player "whales" that usually hold a big amount of bitcoin.


For me, this is great news since bitcoin is influencing a lot of users, as the number increases meaning the community is already getting bigger surely when a lot of people invested in bitcoin it could easily increases the market price of the bitcoin because of the supply and demand thing.

In my experience, it is not easy to earn 1 bitcoin so I think most of them are investors.

What is your opinion about this? How does it affect bitcoin?

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We are discussing in forum that incentivize each post of user with a penny rate so its usual as a forum member to relate it always with earnings here.

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I rather want to see that there is no single wallet holding greater or equal to1BTC so that we can say that we are really approaching mass adoption which the BTC main objective.

It is subtle word of saying to "acquire". Bitcoin indeed is valuable digital currency and owning a bit of it out of 18.16 million circulating supply (CMC stat) is a huge achievement concerning that it could go higher value if demands really that huge.

Thanks OP for this information. It's indeed a good news that many still believe in Bitcoin at all in spite of its volatility.

Agreed, I've always said that the market will determine bitcoin's real utility - as a currency or as an investment. It feels like bitcoin's best use is still as an investment. And this is fine, especially since there are so many other cryptocurrencies that could serve as a currency, best use for transaction due to its stable and modest value.

To the OP, statistics that you've cited are challenging to infer specific influences or conclusions from, particularly because it's so easy to create a bitcoin wallet, by anyone! So the increase in BTC wallets with at least 1 BTC could simply be an indication that "whales" are spreading their wealth around among multiple wallets so if any one wallet gets compromised they won't lose as much coin.

This could also mean that in the last 5 years it's been possible for people to acquire more Bitcoin...a good, but not alarming statistic at only 11% annually (or in the last year).

Listen, they're all positive signs...just tough to declare a single conclusion.

It is a still a low number.

That just means millions of bitcoin is still being hoarded by a small group.
We really need to take it out from them.
It must really be divided to many so that there will no thoughts of manipulation.

We all know there is that thought with the mass about that. They don't want to get in because they still think someone is still behind all of this.

For early adopters it was easy to get more than 1 bitcoin doing small work or giving service for bitcoin. There were many bounty hunters who have promoted ICO during crypto boom and have made more than a bitcoin for free.

Most of the early investors and developers still have massive bitcoin holdings which is not good for mass adoption and price growth.

Owning one bitcoin might seems really exciting but if you are small investor you will always have a fear of lossing too much during massive dump and if you try to time the market you will end up lossing more.

We are still very far away from mass adoption and these figures who owes one or more Bitcoin don't mean anything.
If you look the overall number of population and percentage of them that is using Bitcoin this is a such a small number. Estimations go around 2 millions people in the world, that is actually the figure that is not worth mentioning in the context of mass adoption.

That's right, it's not feasible yet and we must remember that bitcoin is a world currency and that uses the whole world and still requires a very large amount to be adopted and that is only the growth of users or bitcoin owners who are still in small amounts.
and if there are only around 2 million people in the world, and when compared to the number of people in the whole world it is very far away.

With the passage of time and as we approach the halving, the bitcoin price will continue to increase. Only the time will tell that near or after the halving you might say that it is not even easy to earn 0.1 Bitcoin due to the increase in the price. People are holding and preparing for the next bull market run soon after the halving.

So far as news about bitcoin keeps on hitting the main stream and the entire world this trend is likely going to increase as people use bitcoin as a store of value. I used to hold quite a number of coins back in the days but i had to sell and use the funds to help some family emergencies that cropped up some years ago. since then i have never been able to purchase a whole bitcoin because it's quite expensive now. Got my buy order at $5K, hopefully i can get to own one when it reaches this level again.