how many bitcoins exist right now?
There are currently 19,409,193.75 bitcoins in existence. This number changes about every 10 minutes when new blocks are mined. Right now, each new block adds 6.25 bitcoins into circulation.
Currently, around 19 million bitcoins have been mined and are in circulation, leaving approximately 2 million left to be mined.
What is the Value of 1 Bitcoin?
The price of Bitcoin has risen dramatically since the technology was created in 2009. While at first one bitcoin had essentially zero value, it gradually rose to a fraction of a penny and then underwent several boom and bust cycles over the years before arriving at today’s valuation of around $37,000.
In March of 2020, the price of one bitcoin fell as low as $4,000 or less on some exchanges. The price then rose 10x to over $40,000 in less than a year as massive government stimulus programs coincided with growing adoption by corporations and large institutional investors.
In April of 2021, Bitcoin notched yet another record high in US dollars at over $63,500, according to Coindesk data—and by mid-May, it was down to $37,739.
Although a maximum of 21 million bitcoins can be minted, it’s likely that the number of bitcoins circulating remains substantially below that number. Bitcoin holders can lose access to their bitcoins, such as by losing the private keys to their Bitcoin wallets or passing away without sharing their wallet details. A June 2020 study by the crypto forensics firm Chainalysis estimates that up to 20% of the Bitcoin already issued may be permanently lost.
However, some estimates can be made based on blockchain data and surveys of Bitcoin holders.
According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Wallets with 0.1 BTC to 1 BTC hold
The total supply of wallets holding between 0.1 Bitcoin (BTC) and 1 Bitcoin has surpassed 1 million coins, while the collective supply of wallets that hold between 1 BTC and 10 BTC topped 2 million.
As of Dec. 29, wallets that hold between 0,1 BTC and 1 BTC collectively own over 1 million coins. The chart below represents the total supply held by the wallets in question since 2010 with the orange line.
total BTC supply started to record a stable increase in late 2013, with short exponential growth periods in 2016 and 2018. As of Dec. 29, the total supply sits at 1.01 million BTC.
Wallets with 1 – 10 BTC
The total BTC supply of the wallets that hold between 1 BTC and 10 BTC also broke its own all-time high by surpassing 2 million at the end of November. As of Dec. 30, the total supply held by these wallets is 2.06 BTC.
In total there will only ever be 21 million bitcoin. To date, about 19 million have been mined. It is thought that around 3 million of those bitcoin mined to date may have already been lost.
“According to the latest research study, the demand of global Crypto Wallets Market size & share in terms of revenue was valued at USD 8.24 billion in 2022 and it is expected to surpass around USD 46.72 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 24.23% during the forecast period 2023 to 2030.”
Who owns the most bitcoin: Meet the whales
According to bitcoin-focused asset manager River Financial, Satoshi Nakamoto is estimated to be the biggest bitcoin holder in possession of more than one million BTC stored in roughly 22,000 addresses. The site argued that none of Nakamoto’s holdings, barring a few test transacctions have ever been moved,
Wallet address data compiled by BitInfoCharts found that the top holders of bitcoin were addresses linked to the Binance (BNB) and BitFinex crypto exchanges.
A Binance wallet was the single richest address, with 248,597 BTC worth more than $7.3bn and representing almost 1.3% of the circulating BTC supply. The BitFinex wallet held 178,010, or about 0.92% of BTC’s current circulating supply, while the third wealthiest, which held 127,351 bitcoin, was also linked to Binance. .
It should be noted that while blockchain data is transparent and wallet balances are viewable to the public, the identity of a wallet address holder remains anonymous unless voluntarily disclosed. The largest anonymous whale came in at number four on the list, with 119,347 BTC worth around $3.5bn.
Several corporations have accumulated BTC over the years. US-based software company MicroStrategy (MSTR) was the world’s biggest publicly traded corporate owner of bitcoin.
MicroStrategy said in its earnings report for the fourth quarter of 2022 earnings results had holdings to 132,500 BTC, worth about $2.194bn on 2 February 2023.
Tesla (TSLA), the company headed by noted crypto enthusiast Elon Musk, was also among the biggest bitcoin holders at one point. However, the company announced on 20 July 2022 that it had sold 75% of its bitcoin holdings by the end of the second quarter of that year.
The electric carmaker did not disclose the amount of bitcoin it held. In its fourth quarter 2022 earnings result, the company reported “digital assets” worth $2.563bn, as of 31 December 2022 on its balance sheet, up from $2.016bn a year previously.
Meanwhile, the total number of bitcoin held by the nation of El Salvador was about 2,301, as of 15 June 2022, according to news agency Fortune, based on purchase announcement by El Salvador president Nayib Bukele on Twitter.
The central American nation’s total bitcoin holdings is shrouded with mystery. El Salvador’s Anti-Corruption Legal Advisory Center tweeted on 31 October 2022 that the nation’s development bank, BANDESAL, refused “for the second time” to provide information on the purchase and sale of bitcoin by the Salvadoran government.
How Many Daily Bitcoin Users?
When talking about the Bitcoin network itself, it processes over 270,000 transactions a day. However, this number is deceptive as well, because one transaction can include multiple recipients.
There are only between 400,000, and 800,000 active addresses a day. This means that there are most likely to be between 300,000 and 500,000 unique users either receiving or sending Bitcoin every day.
In March 2021, daily active addresses decreased to around 720,000.
Top 10 Blockchain Statistics
Over 420 million crypto users worldwide
Over 44.15 million unique addresses have a non-zero balance of Bitcoin.
Cryptocurrency creator Satoshi Nakamoto is thought to own 1 million bitcoins, worth $40 billion to $60 billion US dollars.
There are more than 250,000 confirmed transactions of Bitcoin daily.
Research from July 2021 shows that 89% of American adults have heard of Bitcoin.
An estimated 1 billion people around the world use cryptocurrencies.
About 46 million Americans (roughly 22% of the adult population) own a share of Bitcoin.
By 2025, financial analysts say, the global blockchain market will grow by $39.17 billion US dollars.
29% of all millennial American parents own cryptocurrency.
51% of Americans in May 2021 had bought cryptocurrency for the first time within the last 12 months.
24% of Americans said they don’t understand how cryptocurrency works, let alone a Bitcoin wallet.
As per 788.8 crore current population and 200 millions BTC are there. if we calculate per head BTC then 0.025 BTC will hold by one person. (total BTC / total population).
Those 0.025 BTC use 2% of internet, gradually population is increasing and BTC holders are also increase, if approximately 10% population is increases after 10 years then BTC popularity, knowledge and interest also increase and gradually internet usage increases by 20-30%.
BTC demand forecast for 2030
A panel of 55 industry specialists surveyed by Finder in October 2022 expected the coin to surge to $270,722 by December 2030 – less than half than the $567,472 prediction a year earlier.
Previously, a January 2022 report published by ARK Invest analyst Yassine Elmandjra gave an even more positive outlook for bitcoin in 2030, saying the price could reach $1m.
CoinLoan founder and CEO Alex Faliushin agreed with ARK Investment’s bullish outlook, noting that solid cryptocurrency regulation will be required to attract more institutional money into the space and boost the price of bitcoin by 2030.
“In 2030, it could be very realistic that BTC will reach $1,000,000 per BTC, given that many funds are just starting to pay attention to it and many can’t even hold it on their balance sheet due to regulations,” Faliushin told Capital.com.
“When the whole industry will be more transparent and regulated, we are expecting to see new money coming into the market. This could lead to a sharp price rise,” he concluded.
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, told Capital.com that limited supply and rising demand would suggest a bullish bitcoin projection. The analyst expected that by 2030, the $100,000 mark could become .
He said: “The bottom line is that supply is declining, by code and demand, and adoption is rising. I expect those trends to continue for bitcoin, which is well on its way to becoming the digital collateral benchmark in a world going that way,” McGlone added.
Mark Basa, on the other hand, gave a more bullish bitcoin price projection. He expected the token to reach $1m in the next eight years.
“I think about it like this: A whole new generation of young people are going to be introduced to easier ways to buy bitcoin and interact with crypto. They’ll be faced with a much higher cost of living, US debt, inflation, and a housing market almost out of reach,” he told Capital.com.
“If they learn about bitcoin, and how it’s really their money, they are going to opt out of investing in the most common stocks and look at an asset that just keeps growing and growing due to its limited supply and decentralised nature.”
Experts predict the last Bitcoin will be mined in 2040.
In 2040, 10 time holdings will be there, as of now (2023) 420 millions crypto users are active in market, after 10 years As people become more aware of crypto and Bitcoin, and its transactions people will buy Bitcoin because its is going to be transaction medium in the future, and as Bitcoin supply will be less, demand and price will be increase.
Although 19 out of 21 million Bitcoins have already been mined, there’s still a lot of time before we reach the Bitcoin mining end date. Every four years, the total Bitcoins mined in a day reduces. This is because the rewards, or the number of Bitcoins mined with each block, are halved.
In 2012, the block award was 25 Bitcoins. Today, on average, about 144 transaction blocks are added to the blockchain every day. Because miners are rewarded 6.25 BTC per block, about 900 BTC coins are minted each day.
Conclusion
There is a finite supply of Bitcoin available in the world. While there is less than 10% left of it to be mined, it will take more than a century for us to run out of new BTC entirely. The question is, what will happen to Bitcoin’s value when we run out of mineable blocks?
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