🔶 How many people own 1 Bitcoin?

Currently, there are approximately 420 million users in the global crypto world in 2024, with about 1.5 million people owning more than one Bitcoin, accounting for only 0.36% of the crypto world users.
🔶 As we all know, the total supply of Bitcoin is 21 million, and currently 93.32% of Bitcoin has been mined, which is approximately 19.59 million.
There will be 6.68% of Bitcoin (1.41 million) slowly mined in the next hundred years until 2140, when a total of 21 million Bitcoin will be completely mined. At that time, miners will no longer receive block rewards, only the transaction fees from on-chain user transactions.
And out of these 19.59 million bitcoins that have been mined, about 6 million have actually been lost! So, there are only 13.59 million bitcoins left in circulation in the market, which means that at most 13.59 million people can own 1 bitcoin each, on average.
But reality is not that simple because wealth tends to concentrate in the hands of a few. According to on-chain information, 1.94% of wallet addresses hold 92.76% of Bitcoin. The total number of these wallet addresses is 1,020,070, which is equivalent to 1.02 million.
Currently, the total number of bitcoins held by all exchanges is approximately 1.89 million. Therefore, in the exchanges, at most 1.89 million people own 1 bitcoin, but this is just a theoretical number and in reality, it is much less than that. For these 1.89 million bitcoins, we roughly use the 80-20 rule: 80% of retail investors in the exchanges only own 20% of the 1.89 million, which is approximately 379,000.
So the number of individuals who own one Bitcoin must be less than 378,000 (assuming each individual owns one). According to the 80/20 rule, the ratio of large investors to individual investors is 1:4. Therefore, the number of large investors is 1/4 of 378,000, which is 94,500. On average, each large investor owns 16 Bitcoins. The total number of individuals is 378,000 + 94,500 = 472,500.
So the number of individuals who own 1 Bitcoin must be less than 378,000 (assuming each individual owns 1 Bitcoin). According to the Pareto principle, the ratio between large investors and individual investors is 1:4. Therefore, the number of large investors is 1/4 of 378,000, which is 94,500, with an average of 16 Bitcoins per large investor. 378,000 + 94,500 = 472,500 individuals.
Assuming that the on-chain address and exchange users do not overlap (in reality, the likelihood of overlap is high), then the number of people who own more than 1 Bitcoin is: 102 + 47.25 = 149.25. Taking into account financial institutions and Bitcoin packed into other public chains, it can conservatively be said that there are about 1.5 million people who own more than 1 Bitcoin, accounting for only 0.36% of the 420 million users in the crypto world. It can also be said that they are extremely rare in the crypto world!