Update: If you own 1 bitcoin then you are in the top 2% of HODLers

Last week I posted about holding percentages for BTC: https://www.reddit.com/r/CryptoCurrency/comments/odpja0/if_you_own_1_bitcoin_then_you_are_in_the_top_2_of/ (I also learnt that you can create tables on Reddit, thanks u/_martinshkreli!

This is a more accurate update (rather, more honest) based on feedback. Thanks to all that commented asking for clarification.

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This is an updated table of HODLers:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

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Based on this data, there are 797247 addresses that have at least 1 BTC (17,777,011 coins in total), which is 2.08% of all addresses out there.

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However, as many people pointed out, one address doesn’t necessarily equal one person, so we’ll have to dig deeper in order to obtain a realistic range. We already have the first scenario, in which one person has a single wallet with no less than one Bitcoin. That’s the best-case scenario – it’s the most convenient one to calculate.

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But the situation gets trickier in the second scenario, in which one person can possess a total amount of 1+ Bitcoin but in several different addresses. For example, one might hold 0.8 BTC in one wallet and 0.2 in another one, or keep 0.1 BTC each in 10 different wallets. In these cases, the addresses would have less than one coin, so they should be displayed in other rows of the distribution table – the ones that we initially ignored. Counting those who hold at least 1BTC in the second scenario would be much more difficult, as they possess any of the 98% of addresses that contain less than 1 BTC.

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In the image below, this idea is illustrated.

https://preview.redd.it/f4t92d1cbca71.png?1200&format=png&auto=webp&s=28f223b459eb8b422ef8f69a295d20effd54decf

On the left is a ball representing all 460 million bitcoin addresses to ever have a balance greater than 0.0 BTC. Of those, ~288 million hold no bitcoin in them at all today.

The remaining 172 million represent the bitcoin addresses that make regular BTC transactions. Of those, 147 million belong to exchanges, bitcoin services, merchants, or other kinds of market actors.

Only the remaining 25 million addresses are believed to be economically active wallets that belong to private people on the network.

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There are three main issues with this method:

• One person can have many addresses and wallets. For example, I might have 1 BTC on my iPhone wallet and .5 BTC on my laptop. If we treated each address as a person, this would count as two people when it's really one. Many people own hundreds of addresses and 3-10 different wallets.
• Services can hold bitcoins in one address that belong to many people. Bitfinex, for example, holds 100,000+ bitcoins in one address. Bitfinex is a Bitcoin exchange with millions of customers. If we treat each address as a person, this would be considered one person but might really represent thousands of peoples' bitcoins. Below is one of Bitfinex's wallets - it holds over 6,000 BTC right at any given time.

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https://preview.redd.it/7av7c9dqbca71.png?1206&format=png&auto=webp&s=01d562f46f957ac3010de3214d006b551a9ad3c2

• Many people don't move bitcoins off the exchange. Many people use centralized services and never create a Bitcoin wallet.

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TLDR; you might be in the top 2%, you might be higher - unfortunately, it's almost impossible to calculate.