How many Bitcoin millionaires are there?

in #bitcoin7 years ago

The Number Don't Lie

At least that is what they always say, right?

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You will notice that there are 18,247 Bitcoin wallet addresses that are worth more than $1,000,000 USD. Bitcoin has been ranging around 10k for the last few days, so it would take 100 bitcoins to reach $1,000,000 USD. The number of wallet addresses containing more than 100 bitcoin is very, very few. Less than 1%! It is safe to say that there are, at the very least, 18,247 people that are Bitcoin millionaires.

Now, it is entirely plausible that one person can own more than one bitcoin wallet address. However, what you will notice is that a very large majority of Bitcoin addresses contain less than 10 Bitcoin ($100,000 USD). One person could own 10, 20, 50, or even 100+ wallet addresses. But, at some point you would think that would get increasingly harder to manage.

It would appear to me that there are fewer millionaires out there than it may seem from all of the recent hype regarding Bitcoin.

What do you think?