In 2008, an anonymous person or group of people using the name Satoshi Nakamoto created a new form of money called Bitcoin. Unlike government-issued currency, Bitcoin is not regulated by any central authority.
Instead, it relies on a peer-to-peer network to verify and record transactions. Bitcoin is also unique in that there is a finite supply of them: 21 million.
So, who holds all the Bitcoin? That’s a difficult question to answer because of the anonymity of the currency. However, we do know that the majority of Bitcoin is held in Asia, specifically China.
NOTE: Warning:
Who Holds All the Bitcoin? is a speculative question and should not be taken as fact. It is important to remember that the answer to this question can change over time, and no one individual or entity holds a majority of all Bitcoin. Investing in cryptocurrency is a risk and should be done with caution, research, and due diligence.
Chinese exchanges account for more than 70% of all Bitcoin trading volume.
It’s estimated that Chinese investors own around 20% of all Bitcoins in circulation. That means that if you own one Bitcoin, you are in the top 4% of all Bitcoin holders in the world.
The top 20% control more than 80% of the total supply.
So, while we can’t say for sure who holds all the Bitcoin, we do know that a small number of people control a large percentage of the total supply. And as the price of Bitcoin continues to rise, those individuals are becoming increasingly wealthier.
9 Related Question Answers Found
As of early 2018, it’s estimated that the top 1000 richest people in the world own about 40 percent of all bitcoins. That means that just four hundred people could theoretically control a majority of the world’s supply of the cryptocurrency. That’s a scary thought for those who believe in decentralization and a distributed ledger — two of the key selling points for bitcoin.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto in 2009.
As of September 2019, it is estimated that Satoshi Nakamoto, the creator of Bitcoin, owns approximately 1.1 million bitcoins, which equates to around 6% of the total supply. However, it is possible that Nakamoto has lost some of his/her bitcoins over the years, as he/she has never moved them from their original address. If Nakamoto does still own these bitcoins, then he/she is by far the richest person in the world when it comes to Bitcoin.
As of early 2020, the answer to the question “who owns the most Bitcoin in the world” is still a bit of a mystery. While there are a few known entities that hold large amounts of Bitcoin, such as the Winklevoss twins (who own an estimated 1% of all BTC in circulation), it’s thought that the majority of Bitcoin is held by unknown individuals and entities. This isn’t necessarily a bad thing, as it helps to keep Bitcoin decentralized and ensures that no one person or group has too much control over the cryptocurrency.
The answer to who owns most Bitcoin in the world is not as straightforward as you might think. While there are a few known entities that hold large amounts of Bitcoin, it’s mostly held in smaller amounts by a large number of people all over the world. The largest known holder of Bitcoin is the online exchange Coinbase, which holds approximately 4% of all Bitcoins in existence.
As of September 2019, the top five holders of Bitcoin were reported to be as follows:
1. Satoshi Nakamoto – 1 million BTC
2. Tim Draper – 640,000 BTC
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Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
