Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
600watt
on 29/10/2013, 22:04:34 UTC
TL;DR:  At present only 120,000 people in the world (1 in every 20,000 people with the capability to do so) have a bitcoin holding valued at least $1,000.

The intent of this thread is to find out and update the statistic on how bitcoins as investment/holdings are distributed according to the size of actual holding (note that this differs from the largest addresses -list).

The intent is not to try to identify individual holders or the size of their holdings.

Assumptions and conventions:
- Bitcoins are overwhelmingly controlled by individuals (ie. no significant corporate/public sector holdings exist); if bitcoins are held by an institution, they are credited to the beneficial owner(s)
- The brackets are logarithmic; the highest bracket is BTC10,000+, second highest is 1,000-10,000, etc.  

The consensus is as follows:

26. Oct 2013

#People#Bitcoins#TotalBitcoins
50BTC10k+2.9M
1100BTC1k-10k3.1M
12kBTC100-1k3.3M
58kBTC10-1001.8M
110kBTC1-100.4M
110kBTC0.1-10.1M
57kBTC0-0.10.0M


Total: 11.5M bitcoins, 350k owners
120,000 people own bitcoins that are valued at more than $1,000 (BTC5 or more).



compare this to the actual numbers of fiat-millionaires in the world:

Quote
A record-breaking 12 million people around the world were millionaires last year, with the US experiencing the biggest jump in super-rich residents.

bitcoin is strong but very very tiny. imagine it being strong and big/mainstream. every single bitcoin owner will have a blast.

http://www.telegraph.co.uk/finance/personalfinance/expat-money/10158420/A-record-breaking-number-of-millionaires-in-the-world.html