Visualizing the 15 Most Valuable Bitcoin Addresses

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14 seconds ago

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June 6, 2024 Article/Editing: Graphics/Design:

See this visualization first on the Voronoi app.

Visualizing the 15 Most Valuable Bitcoin Addresses

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

A Bitcoin address is a unique identifier consisting of 26 to 62 alphanumeric characters used to receive bitcoins.

These addresses serve as the destination for transactions on the Bitcoin network, ensuring that funds are sent to the correct recipient.

This graphic ranks the 15 most valuable Bitcoin addresses globally as of May 2024, based on BitInfoCharts’ Bitcoin Rich List.

How Bitcoin Works

Bitcoin is considered the world’s most valuable digital currency.

Unlike fiat currencies such as the U.S. dollar, which central banks back, a cryptocurrency like Bitcoin is supported by an underlying blockchain. This blockchain records every Bitcoin transaction in a public, decentralized, and distributed ledger.

Every time bitcoins are spent, a digital transaction record must be validated and added to the blockchain. Miners undertake this task, legitimizing and auditing Bitcoin transactions while earning bitcoins as a reward.

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According to BitInfoCharts, the world’s top Bitcoin address dates back to October 2018, with a balance of 0.1 BTC (worth $660 at the time).

Since then, it has experienced several massive swings in value, reaching 180,000 BTC ($1.7B) in November 2019 and then falling to 1,370 BTC ($9.4M) in April 2020.

RankBalance (BTC)Value (USD)Address 1248,597$17.5B34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 2180,010$12.7Bbc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97 3136,295$9.6Bbc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2 494,643$6.7Bbc1qazcm763858nkj2dj986etajv6wquslv8uxwczt 582,833$5.8B3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 679,957$5.6B1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF 778,317$5.5Bbc1q8yj0herd4r4yxszw3nkfvt53433thk0f5qst4g 875,354$5.3Bbc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4 975,177$5.3B3E97AjYaCq9QYnfFMtBCYiCEsN956Rvpj2 1069,370$4.9Bbc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 1168,200$4.8B3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb 1266,975$4.7B1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP 1359,300$4.2Bbc1qd4ysezhmypwty5dnw7c8nqy5h5nxg0xqsvaefd0qn5kq32vwnwqqgv4rzr 1453,880$3.8B1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC 1551,830$3.6B1AC4fMwgY8j9onSbXEWeH6Zan8QGMSdmtA

Beginning in late 2020, this address began accumulating bitcoins at a rapid pace, reaching 300,000 BTC ($10.3B) in July 2021.

Since January 2023, its BTC balance has remained constant at around 248,597 BTC.

If you enjoyed this post, check out Ranking the Largest Bitcoin ETFs in the U.S. In this graphic, we rank the top eight Bitcoin ETFs in the U.S. by their total assets under management.

Countries With the Highest Rates of Crypto Ownership

Published

14 seconds ago

on

May 7, 2024 Graphics/Design:

See this visualization first on the Voronoi app.

Countries With the Highest Rates of Crypto Ownership

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic ranks the top 10 countries by their rate of cryptocurrency ownership, which is the percentage of the population that owns crypto. These figures come from crypto payment gateway, Triple-A, and are as of 2023.

Data and Highlights

The table below lists the rates of crypto ownership in the top 10 countries, as well as the number of people this amounts to.

Country% of Population
Who Own Crypto# of Crypto Owners 🇦🇪 United Arab Emirates30.43M 🇻🇳 Vietnam21.221M 🇺🇸 U.S.15.653M 🇮🇷 Iran13.512M 🇵🇭 Philippines13.416M 🇧🇷 Brazil1226M 🇸🇦 Saudi Arabia11.44M 🇸🇬 Singapore11.1665K 🇺🇦 Ukraine10.64M 🇻🇪 Venezuela10.33M

Note that if we were to rank countries based on their actual number of crypto owners, India would rank first at 93 million people, China would rank second at 59 million people, and the U.S. would rank third at 52 million people.

The UAE Takes the Top Spot

The United Arab Emirates (UAE) boasts the highest rates of crypto ownership globally. The country’s government is considered to be very crypto friendly, as described in Henley & Partners’ Crypto Wealth Report 2023:

In the UAE, the Financial Services Regulatory Authority (FSRA-ADGM) was the first to provide rules and regulations regarding cryptocurrency purchasing and selling. The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.

Vietnam leads Southeast Asia

According to the Crypto Council for Innovation, cryptocurrency holdings in Vietnam are also untaxed, making them an attractive asset.

Another reason for Vietnam’s high rates of ownership could be its large unbanked population (people without access to financial services). Cryptocurrencies may provide an alternative means of accessing these services without relying on traditional banks.

Learn More About Crypto From Visual Capitalist

If you enjoyed this post, be sure to check out The World’s Largest Corporate Holders of Bitcoin, which ranks the top 12 publicly traded companies by their