Bitcoin Distribution Overview: Analyzing Ownership Percentages and Address Counts
Total Bitcoin Supply: 19,393,039.79 BTC
|Floor Range||Value (BTC)||Percent (%)||Address Count|
|0 to 0.1 BTC||305,990.55||1.58||206,917,137|
|0.1 to 0.5 BTC||593,134.25||3.06||2,723,192|
|0.5 to 1 BTC||453,967.04||2.34||646,534|
|1 to 5 BTC||1,412,363.35||7.28||742,540|
|5 to 10 BTC||694,160.79||3.58||102,077|
|10 to 50 BTC||1,831,204.84||9.44||92,795|
|50 to 100 BTC||2,606,879.51||13.44||47,238|
|100 to 500 BTC||2,179,538.60||11.24||11,415|
|500 to 1,000 BTC||1,704,538.13||8.79||2,447|
|1,000 to 5,000 BTC||3,083,533.08||15.90||1,707|
|5000 to 10,000 BTC||1,526,920.89||7.87||209|
|10,000 and above BTC||3,000,808.75||15.47||113|
Key Aspects of Bitcoin's Adoption and Distribution
Bitcoin's launch in 2009 is considered a "fair launch" since there was no pre-mine or initial coin offering (ICO) that could have concentrated the distribution of coins among a few early investors. As a result, Bitcoin's distribution has been relatively egalitarian, with early adopters and miners being rewarded for their participation. In contrast, some other cryptocurrencies have had pre-mines, ICOs, or founder allocations that can lead to a more centralized distribution of coins.
Network effect and first-mover advantage
Bitcoin was the first cryptocurrency and has had years to build its infrastructure, user base, and ecosystem. This has made it the most widely recognized and adopted cryptocurrency, even as newer projects with more advanced features have emerged. As a result, Bitcoin's distribution and adoption have been more widespread than many other cryptocurrencies.
High network security
Bitcoin's high network security, ensured by the vast amount of computational power dedicated to mining, makes it extremely difficult for any single entity to control or manipulate the distribution of coins. This aspect enhances the fairness and decentralization of Bitcoin's distribution compared to some other cryptocurrencies that may be more vulnerable to attacks or manipulations.
Bitcoin has a predetermined maximum supply of 21 million coins, which will be reached around the year 2140. This limited supply creates scarcity and is designed to combat inflation. In contrast, some other cryptocurrencies have a higher or even uncapped supply, which can result in different economic dynamics.
Due to the mining process and halving events, Bitcoin's distribution occurs gradually over time. This allows for a more equitable and decentralized distribution of coins as new participants can enter the market and compete for mining rewards. In contrast, some other cryptocurrencies have experienced rapid or concentrated distributions, leading to a less decentralized ownership structure.
Bitcoin uses a Proof of Work (PoW) consensus mechanism, where miners compete to solve complex mathematical problems to validate transactions and add new blocks to the blockchain. In return, miners are rewarded with newly minted bitcoins and transaction fees. Although other cryptocurrencies also use PoW, many have adopted alternative consensus mechanisms, such as Proof of Stake (PoS) or Delegated Proof of Stake (DPoS), which can result in different distribution patterns.