Bitcoin seems to be more and more accepted, as there are now more than 40 million addresses that hold small balances of at least one Satoshi.
The number of wallet addresses holding more than one Satoshi has now passed the 40 million mark. One satoshi is equal to 0.00000001 BTC and is the smallest transaction unit that is stored on the blockchain. In 2021, it was mainly the number of addresses that increased with a maximum of 0.01 BTC.
A comparison of the Bitcoin numbers
About 20 million addresses now own at least 0.001 BTC, an increase of almost 100% since 2019. At the time, it was only 11.5 million. The number of addresses that have up to 10 BTC has even increased by 100,000 compared to 2019.
There are now 10 million addresses with a maximum credit of 0.01 BTC. That's a 34% increase from 7,305,539 to 9,848,972 since 2020 and almost doubling compared to 5,530,858 addresses in 2019. Looking at these numbers, it can be concluded that retail investors are likely to be most likely to benefit from the increase of addresses with smaller credit balances (up to 0.01 BTC) are responsible.
The addresses that have at least 10,000 BTC are likely to be custodial wallets . It is unlikely that large companies and institutional investors would use private keys and would rather leave this task to central exchanges.
The Bitcoin Macro Image
It should be noted that an address is not to be equated with a user. A user can have several addresses, for example to increase the security of transactions. Therefore, one should only draw conclusions from these figures with reservations. What is safe to say, however, is that ownership of BTC has increased overall.
The addresses themselves do not say anything about who is responsible for this increase. Although there are forensic tools that can relate the addresses to specific activity. Companies like Elliptic and Chainalysis use their forensic skills to help with police investigations, for example, to track the flow of BTC through various wallets, exchanges and other channels.
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