Bitcoin wallets below 1 BTC account for 5% of the market value
New data from the Bitcoin (BTC) network revealed that 1 BTC or more Bitcoin wallets accounted for 95 percent of the total market capitalization. In other words, the value of the total share of tens of millions of users less than 1 BTC is only 5 percent.
Despite the astronomical rallies in the BTC price, the total number of addresses with this high amount of money, dubbed “full currency,” has steadily increased each year since 2009. On November 27, Glassnode CTO Rafael Shultze-Kraft shared a graphic that reveals this. More than 800,000 addresses currently have at least 1 BTC.
According to BitInfoCharts data, “full encoder” addresses contain approximately $ 301 billion worth of BTC. In contrast, addresses with less than 1 BTC are only worth $ 16 billion.
When analyzed on the graph, it is seen that the biggest decrease was experienced in the beginning of 2016, when the number of addresses with at least 1 BTC decreased from 520 thousand to 450 thousand.
The number of “full scoops” mentioned in 2018 has increased significantly. In the 12 months since December 2017, approximately 720 to 690 thousand addresses have been obtained.
According to Into The Block, there are a total of 32.95 million Bitcoin addresses with BTC. The segment called Wholecoiner represents only 0.47 percent of these wallets.