Published in: Blog

How many people own Bitcoin in 2024?

Author Duy

Published on: November 1, 2024

Table of Contents

How many people own Bitcoin in 2024?

In 2024, 106 million people globally own Bitcoin. This figure reflects Bitcoin’s widespread adoption and its continued influence in the global financial ecosystem.

Key Figures for 2024

Total Bitcoin Addresses: Over 460 million Bitcoin addresses have ever held a balance greater than 0.0 BTC.
Inactive Addresses: Out of these, 288 million addresses currently hold no Bitcoin at all.
Active Addresses: The remaining 172 million addresses are involved in regular Bitcoin transactions.

Breakdown of Active Addresses

Market Actors: Of these active addresses, 147 million belong to exchanges, Bitcoin services, merchants, and other market actors.
Private Individuals: Only 25 million addresses are believed to be economically active wallets belonging to private individuals.

Estimating Bitcoin Ownership

The most common approach to estimating Bitcoin ownership is by analyzing the balances held across different Bitcoin addresses. Each address can be thought of as an individual wallet, though one person might control multiple addresses.

The Big Picture

Based on these estimates, around 106 million people globally are thought to own Bitcoin in 2024. This figure reflects Bitcoin’s widespread adoption and its continued influence in the global financial ecosystem.

Approximately 8% of the U.S. population is involved in cryptocurrency trading. On a global scale, Asia leads with over four times more cryptocurrency users than any other continent. Bitcoin remains a household name, recognized by 95% of crypto holders and enthusiasts.

In 2023, there were over 9,000 cryptocurrencies, with the number peaking even higher at the start of 2022. Many of these digital coins lack significant value. Estimates suggest there are roughly 20,000 cryptocurrencies in total, though many are inactive or discontinued. The ease of creating new cryptocurrencies has contributed to this vast number.

See more stats on how many cryptocurrencies still circulate in 2024

> How many cryptocurrencies in 2024? <

Why the Numbers Matter

Understanding the number of Bitcoin owners gives insight into the adoption and popularity of the cryptocurrency. It highlights the trust and confidence users have in Bitcoin as a digital asset. With more people owning Bitcoin, the cryptocurrency market has become more robust and resilient.

Moreover, Bitcoin ownership is not just about holding a digital asset. It represents an investment in the future of decentralized finance, a belief in the technological advancements that blockchain offers, and a commitment to a new form of economic freedom.

Factors Influencing Bitcoin Ownership

Several factors contribute to the increasing number of Bitcoin owners:

Accessibility and Education: As more platforms and services simplify the process of buying and holding Bitcoin, more individuals feel empowered to invest in cryptocurrency. Additionally, educational resources have demystified Bitcoin, making it more accessible to the average person.

Institutional Adoption: Major financial institutions and companies have started to recognize and invest in Bitcoin, lending credibility and stability to the market. This institutional adoption attracts more individual investors.

Global Economic Factors: Economic uncertainty and inflation concerns drive individuals to seek alternative stores of value. Bitcoin, with its decentralized nature and limited supply, is seen as a hedge against traditional financial instability.

What This Means for the Future

The rising number of Bitcoin owners is a positive sign for the future of cryptocurrency. It indicates growing trust and interest in decentralized finance and digital assets. As more people own and use Bitcoin, it could lead to greater financial innovation and the development of new technologies and services within the crypto ecosystem.

In conclusion, understanding Bitcoin ownership in 2024 provides valuable insights into the cryptocurrency’s growth and future potential. With millions of people worldwide holding Bitcoin, the digital asset continues to pave the way for a decentralized and innovative financial future. As we move forward, the number of Bitcoin owners will likely continue to grow, shaping the landscape of global finance.

The Role of Wallet.

Bitcoin and other cryptocurrencies are highly valuable assets, making their security essential. In the early days, many people acquired Bitcoin at a low cost, only to lose access later due to forgotten passwords or private keys, resulting in permanently inaccessible funds. Protecting digital assets is critical, and using a secure wallet is the first step.

How KEYRING PRO Wallet Protects Your Bitcoin and Crypto

KEYRING PRO Wallet is designed with advanced security features to help users safeguard their cryptocurrency assets. Here’s how it works:

Multi-Layer Security: KEYRING PRO uses a combination of encryption, secure access protocols, and multi-factor authentication to provide multiple layers of protection. This ensures that only you have access to your wallet, significantly reducing the risk of unauthorized access.
Private Key Management: The wallet offers secure private key storage, helping to prevent common errors that lead to lost access. With private keys safely stored and protected, users can confidently access their assets without fear of losing them.
Password Recovery and Backup Options: Forgetting a password or losing a device can result in lost assets with traditional wallets. KEYRING PRO provides secure backup and recovery options to help users regain access if they lose their devices or forget their passwords.
Multi-Currency Support: In addition to Bitcoin, KEYRING PRO Wallet supports multiple cryptocurrencies, allowing users to manage all their digital assets in one place. This unified approach improves security and convenience, reducing the need to manage multiple wallets.
User-Friendly Interface: Security doesn’t have to be complicated. KEYRING PRO combines high-level protection with a user-friendly design, making it easy for users of any experience level to navigate and securely manage their crypto holdings.
Support and Assistance: KEYRING PRO offers dedicated customer support to help users with any security concerns, ensuring their assets are protected around the clock.

In a world where digital assets are becoming increasingly valuable and security threats are on the rise, KEYRING PRO Wallet provides a comprehensive, secure, and user-friendly solution. By choosing KEYRING PRO, users can have peace of mind knowing their cryptocurrency is well-protected and accessible only to them.