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Share450,000 Addresses hold over $100K in Bitcoin
As 2024 began, the total number of Bitcoin addresses holding BTC worth $100,000 or more surpassed the 450,000 mark for the third time in the cryptocurrency's history. The first two times this milestone was reached were during the 2020 halving super cycle, specifically in February and October of 2021.
The Bitcoin economy is notably egalitarian for a high-tech financial network. Of the 19.7 million BTC already mined, individuals hold more than half—approximately 11.97 million BTC—according to Bitcoin Treasuries data.
Blockchain experts estimate that Satoshi Nakamoto, Bitcoin's mysterious creator, owns around 1.1 million BTC. Governments hold about 565,000 BTC, while hedge funds and ETF issuers collectively own around 818,000 BTC.
What is Age Distribution among BTC owners?
Based on survey data, a significant portion of these Bitcoin addresses might belong to Millennials, the generation born between 1981 and 1996. According to a May survey by Bankrate, Millennials make up about 57% of total crypto ownership.
Given August BTC prices, this suggests that up to 256,500 Millennials worldwide could be part of the Bitcoin "two-comma club," holding BTC worth $100,000 or more. If Bitcoin continues to appreciate in value, this number is likely to increase.
How to Buy Bitcoin?
If you're interested in Bitcoin and ready to dive into the world of crypto but aren't sure how to buy your desired digital asset, don't worry. Crypto exchanges make it easy to purchase any cryptocurrency, and there are several available in Georgia, including Binance, Mycoins, Coinmania, and more. One standout option is Cryptal.
Cryptal caters to both beginners and seasoned investors. Here, you can buy crypto using two methods:
- Convert - Instantly purchase Bitcoin and other popular cryptocurrencies like Ethereum, Solana, and more with just a few clicks.
- Click Buy Crypto
- Select your desired Cryptocurrency and Stablecoin
- Enter the amount you wish to purchase
- Click "Buy"
- Spot Trade - This is a digital marketplace where crypto buyers and sellers come together to trade digital assets. It’s the ideal platform to buy cryptocurrency at the most competitive prices.
- Enter Spot Trading
- Choose your trading pair (e.g., BTC & TOUSD)
- Specify the amount
- Place a request
After placing your request, you'll wait for a seller to match your conditions. Once a match is found, the order will be successfully completed, and you'll receive the digital asset in your crypto wallet instantly.
Cryptal also offers two additional features that simplify buying crypto:
A. Market Order: This feature automatically finds the best available price on the market for your chosen cryptocurrency.
Example: If 10 people are selling Bitcoin on the exchange, the Market Order feature will secure the lowest price for you.
B. Limit Order: This feature allows you to set specific price limits for the maximum and minimum you're willing to pay. The exchange then connects you with the best price within your specified range.
Example: If you set a price range between $3000 to $3200, the exchange will automatically purchase the cryptocurrency when a seller meets your price criteria. If no match is found immediately, the exchange will wait until a suitable offer appears.