![]() To understand exactly who owns the most Bitcoin, it’s important to know how much Bitcoin can be introduced into the market. This level of scarcity makes it possible for the value and market price of Bitcoin to increase by a considerable amount. In fact, the maximum number of bitcoins that can be mined is just under 21 million. One of the main reasons is the Bitcoin supply scarcity. Since Bitcoin qualifies as a form of currency, it’s able to retain a certain amount of value. Bitcoin also displays six core attributes which allow it to be used in the economy: ![]() BTC is even referred to as “digital gold.”ĭigital currencies like Bitcoin have value because they’re able to function as both a unit of exchange and a store of value. However, it is more “portable” than metal like gold, silver or platinum, more precisely divisible and, in some regards, safer. Like precious metals, Bitcoin is durable. Both of these commodities have very specific use cases and are limited in quantity. A comparison can be made between the value of gold and the value of Bitcoin. In comparison, Bitcoin is operated by the decentralized authority on a decentralized network using blockchain technology, which is why it isn’t used regularly in retail transactions.Įven though Bitcoin isn’t widely used in the economy, it gets its value from many different factors. Since central banks control the amount of paper money is being printed, naturally, it gives central banks more control over the economy. ![]() Bitcoin is a form of digital currency that’s considered to be an alternative to fiat money, all of which is issued by the government. If you’re thinking about investing in Bitcoin in the near future, you may be wondering what gives Bitcoin its value. This article offers an extensive look at how Bitcoin gets its value, who owns the most Bitcoin, and how people and companies are able to become Bitcoin billionaires. Like all cryptocurrencies, the value attributed to Bitcoin can vary substantially based on numerous market factors.ĭespite the volatility of Bitcoin and other types of cryptocurrencies, it’s important to understand that Bitcoin is currently the most valuable cryptocurrency on the market. ![]() It currently has a market cap of $1.15 trillion, which has increased steadily since Bitcoin’s inception in 2009. While there are many decentralized digital currencies that you can invest in, the most popular cryptocurrency at your disposal is Bitcoin (BTC). ![]()
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