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Bitcoin and Ultra High Net Worth Individuals

06 Feb Bitcoin and Ultra High Net Worth Individuals

Posted at 14:08h in Cryptocurrency News by

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If Bitcoin were to hit $1 million, anyone with at least 30 BTC would instantly become an ultra-high net worth individual (UHNWI). That would make BTC the single largest driver of UHNWIs.

Ultra-High Net Worth Individuals

A UHNWI is someone with at least $30 million in disposal assets, net of liabilities.

As of late last year, according to a Wealth-X report, there were 265,490 UHNWIs with a combined wealth of $32 trillion. That figure is expected to climb to just under 300,000 people by 2021.

If Bitcoin were to hit the magical million-dollar mark, anyone holding 30 BTC would become a UHNWI.

According to a recent analysis by Decentralised.co, as of Dec. 5, over 28 million addresses held more than 0 Bitcoin. 130 held more than 10,000 BTC. Crucially, there are over 152,000 Bitcoin wallets with more than 10 Bitcoin.

Of those, around 90,000 hold less than 100. Put otherwise, more than 10 but less than 100.

Number of Bitcoin wallets by amount over time
Courtesy Decentralised.co, Number of Bitcoin wallets by amount over time

A Hypothesis…

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