Who Owns The Most Bitcoins In The World?

By Swati Kishore

The popularity of Bitcoin in recent years has many people wondering various questions such as how many Bitcoins there are or who owns the most Bitcoins in the world. While answering the first question is not that difficult, however answering the latter can become quite a daunting task.

To begin with, Bitcoin is not owned by any single entity or person in the world. Some say that the developer of Bitcoin who goes by the pseudonym of Satoshi Nakamoto may not even be a real person and that it may be a group of people.

As Bitcoin cannot be traced, hence its ownership can only be tracked through the Blockchain. Therefore, no one else other than the Bitcoin itself knows the ownership of a particular Bitcoin. Therefore, without access to the Bitcoin password, it is not possible to know the true ownership.

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Data on some popular websites points towards some major players who own a significant amount of Bitcoin. Let’s take a look at the list of the biggest known Bitcoin holders:

Satoshi Nakamoto

The creator of Bitcoin, Satoshi Nakamoto, is estimated to have Bitcoin worth as much as USD 4.7 million. Please note that the numbers are just an estimate, and vary constantly based on the price of the Bitcoin in the markets. Frankly, no one can ever know the exact holdings of Satoshi Nakamoto’s portfolio.

Chinese Bitcoin mining farms

Chinese mining pools are big players in the cryptocurrency market as they are the ones who mine Bitcoin and bring it into circulation. It is widely believed that 81% of Bitcoin’s collective hash rate is under the control of these Chinese Bitcoin farms. In the year 2016- 2017, Antpool, was responsible for 20% of the Bitcoins mined in the world.

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The Federal Bureau of Investigation

It is believed that FBI owns as much as 1.5% of all the Bitcoin in the market. As is the case is the Chinese mining farms, the FBI has similar mining operations. Did you know, you can also buy Bitcoin with cash?

Satoshi Dice

Satoshi Dice is widely termed as the first big acquisition when it acquired as much as 126,315 Bitcoin.

Individuals

A few individual investors own large holdings of the Bitcoin cryptocurrency in their portfolio. For example, one of the most notable investors, Roger Ver, is speculated to own Bitcoins worth as much as USD 52 million. Charlie Shrem comes next with Bitcoin holdings of USD 45 million. Then comes Dave Carlson who is said to have Bitcoin worth USD 35 million.

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Japanese Investors

It has been estimated that Japanese currency of Yen was used to purchase 42% of all the Bitcoins traded in the year 2016.

It is also widely known that as much as 34.8 percent of the Bitcoin in the markets are owned by the top 1000 Bitcoin addresses. It is interesting to note that, in America, only 800 people have filed the gains from Bitcoin in their taxes. It means that many private investors choose to remain anonymous.

The popular belief amongst the cryptocurrency community is that by the year 2027 there will be as much as 17 million Bitcoin in circulation. As the world’s first cryptocurrency’s value increases, many investors will sell their holdings. Only time will reveal who the biggest players in the Bitcoin game are. To know how to sell your Bitcoins, do read our article.

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Swati Kishore

Swati has a keen interest in emerging technologies and she loves to write about them. She loves trance and is also interested in the philosophy of life.

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