CAPE TOWN - Most people distribute addresses into many wallets to confuse total holdings, says Nolan Baurlean, an analyst at Bitcoin news and research group CoinDesk.

Bitcoin’s current overall market capitalisation and that most people hold Bitcoin at multiple addresses, there may actually be as many as 200 Bitcoin billionaires, and possibly no fewer than 35, a representative from BitInfoCharts told msn money.

The representative who preferred to remain anonymous noted that it’s likely most of these addresses are owned by exchanges or hedge funds.

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BitInfoCharts.com can track information like how much individual addresses hold. BitInfoCharts’ data shows that more than 100 addresses with at least $100,000,000 in Bitcoin - meaning the number of Bitcoin billionaires could increase even further so long as the price continues to rise.