What are the amazing stats of Bitcoin?
The maximum number of bitcoins is still 21 million, but it is now estimated that the last bitcoin will be mined in 2040. This is because the block reward for mining bitcoins is halved every 210,000 blocks, which happens roughly every four years.
Key Takeaways
Unlike fiat currency, bitcoin is created, distributed, traded, and stored using a decentralized ledger system known as a blockchain. Bitcoin and its ledger are secured by the number of participants in its network and in the way the system confirms and verifies transactions.
| Total Bitcoin (sum of all currently existing Bitcoin) | 19,684,844 BTC |
|---|---|
| Bitcoins sent avg. per hour (last 24h) | 13,659 BTC ($838,552,532) |
| Avg. Transaction Value | 0.8409 BTC ($51,627) |
| Median Transaction Value | 0.0033 BTC ($204.15) |
| Avg. Transaction Fee | 0.00021 BTC ($13.14) 84.8 sats/vB |
One of the biggest advantages of Bitcoin is that it's an accessible and versatile currency. It can also be used to purchase goods and services from the growing list of places that accept it.
Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy. Bitcoin is absolutely the Wild West of finance, and thank goodness.
Investing $100 in Bitcoin alone is not likely to make you wealthy. The price of Bitcoin is highly volatile and can fluctuate significantly in short periods. While it is possible to see significant returns in a short time, it is also possible to lose a substantial amount just as quickly.
However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Currently, the block reward for mining a block of Bitcoin is 6.25 bitcoins. At the time of writing, the value of a single bitcoin is approximately $37,000, so the block reward is worth approximately $233,750.
Bitcoin Transactions Per Day is at a current level of 671771.0, up from 641668.0 yesterday and up from 432760.0 one year ago. This is a change of 4.69% from yesterday and 55.23% from one year ago. Bitcoin Transactions Per Day reflects the daily number of transactions registered on the Bitcoin network.
Why use Bitcoin instead of cash?
Because they do not use third-party intermediaries, cryptocurrency transfers between two transacting parties can be faster than standard money transfers. Flash loans in decentralized finance are an excellent example of such decentralized transfers.
Bitcoins Are Not Widely Accepted
Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users' transactions can be tracked.
Who Owns the Most Bitcoins? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
Durability - Bitcoin cannot be destroyed. So long as the blockchain is maintained on even a single computer, Bitcoin exists. Since its inception, the network's uptime has been a remarkable 99.99%, and it has gone more than 3,200 days without an outage.
Bitcoin will disappear and go to zero someday: Jim Rogers.
Thus, a mere $100 stake in Bitcoin five years ago, when it was trading at around $7,000, would have resulted in an immediate 50% crash as the digital coin fell to $3,500 in early 2019. But then, turning a $100 investment into $50 shouldn't be too painful for most investors.
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
Bitcoin One Year From Now
That said, Modulus' projections indicate that in one year, Bitcoin may rise to $96,000. “Were that projection to come to fruition, a $1,000 investment today could be worth approximately $1,333 in twelve months, though it could also become $750 if prices fall.
There are 88,200 crypto millionaires worldwide. 40,500 of these millionaires have amassed their fortune in Bitcoin (BTC). The number of global crypto owners reached 580 million by the end of 2023, according to Crypto.com.
Simple math shows that the average bitcoin holding per person is about 262,500 satoshis. At $69,000 per bitcoin, that works out to an investment of about $180 to reach the global average bitcoin allocation. So don't be discouraged by the price of a single bitcoin.
Where do most people hold bitcoin?
As of November 6th 2023, each of the top five wallet addresses by Bitcoin holdings are either crypto exchanges or government entities, as outlined in the chart below. Note: Often exchanges hold multiple wallets/addresses which is why Binance appears here multiple times. Source: Bitinfocharts, Grayscale Investments.
- Mining Bitcoin: Validating and processing bitcoin transactions.
- Lending Bitcoin: Lending your bitcoin on centralised exchanges or decentralised platforms.
- Bitcoin trading: Buying and selling Bitcoin to increase holdings.
Mining isn't as simple as just finding new transactions and submitting them, though. If it was, everyone would be able to do it. In order to prevent fraud, Bitcoin mining requires a costly process of solving difficult computing puzzles.
Airdrops: One of the simplest methods to mine Bitcoin is through airdrops. To achieve this, crypto investors must follow Bitcoin news by subscribing to its newsletter and following it on social media. Staking– Staking entails keeping a currency in a wallet for an extended period of time.
Bitcoin ATMs & Withdrawal Limits
Bitcoin ATM withdrawal limits are necessary and reasonable, up to $10,000 per day in most regions.
