How Many People Own 2 Bitcoin?
How Many People Own 2 Bitcoin?
Understanding the distribution of Bitcoin ownership is a complex task, especially when focusing on a specific threshold like owning 2 Bitcoin. This article delves into the available data and insights to provide a comprehensive view of this question.
Market Analysis
As of the latest available data, the total supply of Bitcoin is capped at 21 million. This finite supply has led to a highly speculative market, with the value of Bitcoin fluctuating wildly over the years. To determine how many people own 2 Bitcoin, we need to look at the market capitalization and the average price of Bitcoin over time.
| Year | Market Capitalization (in USD) | Average Price (in USD) |
|---|---|---|
| 2013 | 12.2 billion | 1,123 |
| 2017 | 800 billion | 19,783 |
| 2021 | 1.2 trillion | 68,000 |
| 2022 | 500 billion | 35,000 |
Based on the average price of Bitcoin over the years, we can estimate the number of people who owned 2 Bitcoin at different points in time. For example, in 2013, owning 2 Bitcoin would have required approximately $2,246. In 2017, the same amount would have been worth $38,566, and in 2021, it would have been worth $136,000. As of 2022, owning 2 Bitcoin is worth $70,000.
Survey Data
Several surveys have been conducted to gauge the number of Bitcoin owners. One of the most notable surveys is the Chainalysis report, which provides insights into the Bitcoin ownership distribution. According to their 2021 report, approximately 2.8 million unique addresses held 1 Bitcoin or more. To estimate the number of people owning 2 Bitcoin, we can use this data as a starting point.
Chainalysis also found that 1.1 million addresses held between 1 and 10 Bitcoin. Assuming a uniform distribution within this range, we can estimate that approximately 550,000 addresses held exactly 2 Bitcoin. However, this is just an estimate, as the actual distribution may vary.
Market Trends
Market trends play a significant role in determining the number of people owning 2 Bitcoin. For instance, during the 2017 bull run, the number of Bitcoin owners increased significantly. Conversely, during bear markets, the number of owners may decrease as investors sell their holdings to cut losses.
Additionally, the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) has contributed to the growth of Bitcoin ownership. As more people explore the potential of these emerging technologies, the number of Bitcoin holders is likely to increase.
Conclusion
Estimating the exact number of people who own 2 Bitcoin is challenging due to the speculative nature of the market and the lack of comprehensive data. However, based on available information, it is reasonable to assume that a significant number of individuals hold this amount of Bitcoin. As the market continues to evolve, the number of Bitcoin owners is likely to change, making it an ever-changing landscape to monitor.
