How Many People Own Bitcoin?

by Fabio Duarte
March 25, 2024

Since its launch in 2009, Bitcoin has established itself at the top of the cryptocurrency charts.

The finite supply of 21 million bitcoins worldwide has contributed to the exclusivity of this cryptocurrency and its volatility over time.

Below, we'll dive into some key statistics related to Bitcoin and its user base.


Top Blockchain Statistics - (Editor’s Choice)

  • Around 50 million people own Bitcoin.
  • There are more than 50,000 confirmed transactions of Bitcoin daily.
  • Research from July 2021 shows that 89% of American adults have heard of Bitcoin.
  • An estimated 1 billion people around the world use cryptocurrencies.
  • 29% of all millennial American parents own cryptocurrency.
  • 24% of Americans said they don’t understand how cryptocurrency works

Number Of Bitcoin Owners

As of March 2024, there are just over 46 million Bitcoin wallets holding at least $1 of value. This figure is based on the number of unique addresses.


In total, approximately 460 million Bitcoin wallets have been created. However, around 90% of these wallets are inactive or hold minimal value.

In fact, less than half of the 46 million wallets (21.5 million) with any value are worth more than $100.

And around 1 in 4 (22.2%) Bitcoin wallets hold value of more than $1,000.

Here's a breakdown of Bitcoin wallets by value:

*Only including wallets containing $1 or more in Bitcoin value.
Bitcoin Balance Number of Unique Addresses Proportion of Wallets*
Over $1 46 million 100%
Over $100 21.5 million 46.8%
Over $1,000 10.2 million 22.2%
Over $10,000 3.4 million 7.5%
Over $100,000 0.6 million 1.4%
Over $1 million 0.1 million 0.2%
Over $10 million ~10,000 <0.01%

Sources: cryptonews, BitInfoCharts

Bitcoin Daily Transactions

The average number of Bitcoin daily transactions between January 29th and March 18th, 2024, was approximately 378,000.


During this period, daily transactions peaked on January 29th at around 575,000 and dropped to a low of nearly 278,000 on February 6th.

Here's a look at daily Bitcoin transactions over time:

*week beginning
Year Peak Daily Bitcoin Transactions Date of Peak Bitcoin Market Price Low Daily Bitcoin Transactions Date of Low Bitcoin Market Price
H1 2020 ~348,000 Mar 10th, 2020* ~$8,000 ~257,000 Mar 24th, 2020* ~$6,000
H2 2020 ~354,000 Sep 8th, 2020* ~$10,000 ~225,000 Nov 3rd, 2020* ~$14,000
H1 2021 ~161,000 Jun 27th, 2021* ~$35,000 ~46,000 Feb 21st, 2021* ~$56,000
H2 2021 ~217,000 Oct 31st, 2021* ~$62,000 ~166,000 Jul 11th, 2021* ~$34,000
H1 2022 ~234,000 May 15th, 2022* ~$30,000 ~209,000 Feb 13th, 2022* ~$42,000
H2 2022 ~230,000 Nov 20th, 2022* ~$17,000 ~196,000 Jul 31st, 2022* ~$24,000
H1 2023 ~632,000 May 14th, 2023 ~$27,000 ~188,000 Jan 1st, 2023 ~$17,000
H2 2023 ~731,000 Dec 31st, 2023 ~$42,000 ~242,000 Oct 8th, 2023 ~$28,000
H1 2024* ~658,000 Jan 1st, 2024 ~$42,000 ~278,000 Feb 6th, 2024 ~$43,000

Sources: YCharts,

How Many People Have Heard of Bitcoin?

2021 data shows that approximately 89% of American adults have heard of Bitcoin. Among those, 27% would consider investing in cryptocurrency, and 13% already had.


Another survey found that 80% of white respondents were more aware of Bitcoin than 66% of Hispanic respondents and 61% of African-American respondents. Additional data from another survey noted that 78% of men who responded reported being aware of Bitcoin compared to 71% of women.

Despite Bitcoin's growing recognition, around 7 in 10 Americans (69%) claim to not understand cryptocurrency.

Source: Yahoo! News, PR Newswire, YouGov

Millennials and Bitcoin

As many as 94% of crypto buyers are Gen Z or Millennials.

As of August 2021, 29% of all Millennial American parents own cryptocurrency. That's compared to 13% across all generations.


Around 1 in 5 (21%) of Millennials aren't concerned that the value of crypto could fall to $0.

Data shows that 67% of Millennials surveyed believed that Bitcoin outranked gold as a safe-haven asset.

Sources: Stilt, USA Today Money, deVere Group

Bitcoin vs Other Popular Cryptocurrencies

The total market capitalization of all cryptocurrencies as of March 2024, is $2.41 trillion. By itself, Bitcoin contributes $1.32 trillion of that (approximately 55%).


The next closest crypto in terms of market cap is Ethereum ($425 million). Bitcoin's market cap is currently more than 3x that figure.

Here's a comparison between Bitcoin and the next 10 biggest cryptocurrencies by market cap:

Figures accurate as of 21 March 2024.
Crypto Price Price Difference Market Cap Market Cap Difference Trade Volume (24hr) Trade Volume (24hr) Difference
Bitcoin $67,000 - $1.32 trillion - $57.6 million -
Ethereum $3,550 19x $425 million 3.1x $31.8 million 1.8x
Tether USDt $1 67,000x $104 million 12.7x $110.6 million 0.5x
BNB $567 118x $84.7 million 15.6x $3.1 million 18.6x
Solana $189 355x $84 million 15.7x $7.7 million 7.5x
XRP $0.62 108,065x $33.9 million 38.9x $2.6 million 22.2x
USDC $1 67,000x $31.7 million 41.6x $12.2 million 4.7x
Cardano $0.64 104,688x $22.6 million 58.4x $0.8 million 72x
Dogecoin $0.15 446,667x $21.7 million 60.8x $3.1 million 18.6x
Avalanche $55 1,218x $20.7 million 63.8x $1.8 million 32x
Shiba Inu <$0.01 >2,470,000,000x $15.9 million 83x $1.8 million 32x

Source: CoinMarketCap

Which Countries Have Banned Bitcoin Users?

Several countries have banned cryptocurrency at various times including:

Data accurate as of March 2024.
Country Region Legality Banking Legality Banned Since
Afghanistan Asia X X 2022
Algeria Africa X X 2018
Argentina South America X 2022
Bangladesh Asia X X 2014
Bolivia South America X 2014
Cambodia Asia X 2018
Canada North America X 2018
China Asia X X 2013
Colombia South America X 2014
Ecuador South America X 2018
Egypt Africa X X 2020
Iraq Asia X X 2017
Iran Asia X 2018
Jordan Asia X 2014
Kuwait Asia X X 2023
Lesotho Africa X X 2018
Libya Africa X X 2018
Morocco Africa X X 2017
Myanmar Asia X X 2020
Namibia Africa X 2017
Nepal Asia X X 2017
Nigeria Africa X 2017
Qatar Asia X 2018
Republic of Congo Africa X X 2022
Russia Asia/Europe X 2022
Saudi Arabia Asia X 2017
Sierra Leone Africa X X 2019
Taiwan Asia X 2013
Tunisia Africa X X 2018
Turkey Asia/Europe X 2021
UAE Asia X 2020

Source: Techopedia, Wikipedia

El Salvador is the first and only country in the world to recognize Bitcoin as a legal tender as of June 2021. However, other countries welcome payment in Bitcoin under certain conditions.

For instance:

  • The United States considers Bitcoin a “money services business”, subject to registration and record-keeping under the Bank Secrecy Act. The IRS also classifies it as property for taxation purposes.
  • Canada similarly views Bitcoin as money services, not currency. Any Bitcoin transaction falls under “barter transactions,” and any income generated is considered business income.
  • Australia has ruled that Bitcoin is an asset for purposes of capital gains tax. It does not consider Bitcoin currency.
  • The European Union considers buying and selling digital currencies a “supply of services” that is exempt from value-added tax. However, individual nations, such as the United Kingdom, have specific Bitcoin tax regulations.

Sources: Investopedia, Coindesk, Morgan Lewis, Reuters


Bitcoin continues to lead the way in the crypto landscape.

For more related content, check out top cryptocurrency trends and 10 important blockchain trends.