Are you in the Bitcoin 1% Club?

Bitcoin, often referred to as the digital gold of the 21st century, has captured the imagination of people worldwide. As its popularity grows, so does the curiosity about who exactly holds this decentralized digital currency. Are you part of the Bitcoin one percent club of holders? Where do you stand in the Bitcoin pyramid of ownership? In this article, we will dig into the various tiers of Bitcoin ownership, shedding light on the different strata within the Bitcoin community.

Understanding Bitcoin’s Rarity

Bitcoin’s scarcity is a fundamental concept that sets it apart from traditional fiat currencies. With a maximum cap of 21 million Bitcoins, it is no wonder that owning just one full Bitcoin places you in a unique category. To put it in perspective, with a global population exceeding 7.6 billion people, holding one whole Bitcoin makes you part of a select club. This exclusivity is an enticing prospect for many, and it’s the first tier of Bitcoin ownership.

The First Tier: Wholecoiners

Owning one Bitcoin, affectionately known as “Wholecoiners,” is a “badge of honor” within the Bitcoin community. Currently, it is estimated that, less than half a million individuals worldwide have achieved this milestone. However, it’s important to note that not all Bitcoin holders aim to join this club, as Bitcoin can be divided into smaller units. Bitcoin is divisible by 100 million and its smallest denomination is called the Satoshi or Sats for short. This is making Bitcoin accessible to virtually anyone with an internet connection.

Breaking Down the Bitcoin Ownership Pyramid

Let’s delve deeper into the pyramid of Bitcoin ownership. According to OnChain analysis, the Bitcoin community can be stratified into different tiers based on their holdings. These tiers provide valuable insights into the distribution of Bitcoin wealth.

• Top 1% Club: To be part of the top one percent of Bitcoin holders, you need to possess more than 3.3325 Bitcoins. This tier currently comprises around 260,000 people worldwide.
• Top 2.5% Club: Joining the top 2.5 percent requires owning over 0.5 Bitcoins. This tier is more achievable for many enthusiasts and represents a significant portion of Bitcoin holders.
• Top Half Club: Owning more than seven Bitcoins places you in the top 50 percent of all Bitcoin holders. With a cost of approximately $421,000 today, this tier is for more serious investors.
• One Percent of Earth Club: To be among the top one percent of Bitcoin owners on a global scale, you need to possess 0.0297 Bitcoins or more. This tier is attainable for those looking to start their Bitcoin journey.
• The Majority: A substantial 76 percent of all Bitcoin addresses hold less than 0.0002 Bitcoins, with an average value of around $126. These holders represent the broader Bitcoin community, with varying levels of investment.

Bitcoin’s Wealth Dispersion and the Future

One striking fact is that 95 percent of all Bitcoins are owned by the top two percent of addresses, highlighting a significant wealth concentration. This dynamic reflects the evolving landscape of Bitcoin ownership as high-net-worth individuals and institutions accumulate larger holdings.

As Bitcoin becomes more integrated into traditional financial systems and investment portfolios, we can expect further shifts in the distribution of wealth. However, the opportunity to join the Bitcoin ownership tiers remains open, especially for those willing to start their Bitcoin journey.

Bitcoin’s Cohort Distribution (see animal terms)

The terms “whale,” “shark,” and “shrimp”, are often used to refer to different groups of bitcoin holders based on the amount they own. It’s not a not well-defined or standardized terminology, but they generally refer to the following:

• Whale: Individuals or entities holding over 1,000 BTC
• Shark: 500 to 1,000 BTC
• Dolphin: 100 to 500 BTC
• Fish: 50 to 100 BTC
• Octopus: 10 to 50 BTC
• Crab: 1 to 10 BTC
• Shrimp: 0.1 to 1 BTC
• Krill less than 0.1

To each their own clubs

In the world of Bitcoin, ownership is a nuanced and ever-evolving concept. The tiers of Bitcoin ownership provide a fascinating glimpse into the distribution of this digital asset among its diverse community. Whether you aim to become a Wholecoiner or aspire to join the top one percent, Bitcoin offers a wealth of possibilities for individuals seeking financial freedom and a possible stake in the future of finance. As the Bitcoin ecosystem continues to evolve, it’s crucial to stay informed and make informed decisions on your journey to becoming part of “Bitcoin’s clubs”.

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