The Bitcoin Wealth Distribution

How many people hold how much bitcoin?

The public structure of the Bitcoin blockchain allows us to view & analyze every transaction on the network.

We can see exactly where every bitcoin was born, as mining rewards for solving for & placing valid new blocks into its blockchain, & exactly where every bitcoin has traveled, through potentially multiple addresses on its blockchain.

By tracing every bitcoin through respective transactions over the life of its blockchain, we can come to glean to composition & distribution of all the currently mined bitcoin over all their current addresses.

I came across a cool tool the other day (bitcoinprivacy.net — made by Jorge Martinez Pizarro & Stefan Richter) that allowed me to easily view a lot of this data, and wanted to share & visualize it with a few charts.

Please note, the data displays bitcoin wealth distribution across addresses, not necessarily individual holders of bitcoin. The distinction & difficulty will be discussed & explored further after the address charts.