Cryptocurrency

Wallets with at least 1 Bitcoin

Having a Bitcoin is not within the reach of all the world. Therefore, due to its high price, the majority of the users of the crypto world have in your wallet only fractions of BTC known as satoshis. Leading to the number of wallets with at least 1 Bitcoin in them, is quite limited. As reflected in the data provided by the company Glassnode, specializing in the study of the crypto market.

The difficulties of having BTC

Since the birth of the crypto world, they have created more than 625 million unique addresses of Bitcoin. What they mean hundreds of thousands of users all over the world, that at least in some point of their lives entered in the crypto market, and they possessed a certain amount of Bitcoins in your wallets. However, for most of these people, the amount of the criptomoneda which you may possess is limited. Especially if we consider that the greater part of the wallets of the world, were created after the great bullish rally of the year 2017. When the price of BTC came to almost $ 20,000 per token. A figure out of reach for the majority of the population. Which, even if you have this amount in your bank accounts, can’t be reversed all at the same time in a single financial product. Since then the price of BTC has been declining till reaching the 7.113 dollars traded today. However, this figure remains an amount difficult to pay for many of the crypto users.

Wallets with at least 1 Bitcoin: A figure on the rise

Therefore, it should be no surprise that the amount of wallets from the Blockchain of Bitcoin, with at least 1 Bitcoin, is quite limited. Especially if you compare it with the number of wallets that exist in the crypto world. Ascending now the number of wallets with 1 BTC or more in them to 790.273. The number of wallets with at least 1 Bitcoin is constantly increasing. Source: Glassnode however, despite how complicated that can be, financially speaking, owning a Bitcoin integer. The amount of wallets with this amount or more on deposit, has been in constant increase since the establishment of BTC. And in particular, from the great bullish rally of 2017. So, as you can see in the graph above, although the growth in the number of wallets with 1 or more Bitcoin has followed a pattern slightly similar to that of the price of BTC. The trend has essentially been bullish during these years, from the 598.156 wallets with at least 1 BTC of June 1, 2017, until the 790.273 today. All this serves as a demonstration of the vitality of the crypto world, and the ability to attract investment. Then, at the end of the day, those who own a Bitcoin or more in your account, they do so because they trust in the future of the criptomoneda.

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About the author

Caroline W.

Caroline is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2018, she joined CurrencyMarket24 as a writer.

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