57% of Bitcoin Holders Are Individuals, Holding 12 Million BTC: Bitwise

57% of Bitcoin Holders Are Individuals, Holding 12 Million BTC: Bitwise

57% of Bitcoin Holders Are Individuals, Holding 12 Million BTC: Bitwise Crypto asset manager and issuer of the first Bitcoin spot ETF, Bitwise, reported in its Q2 market report that "57% of BTC holders are individual investors, who hold 12 million BTC. Funds/ETFs and miners hold 3.9% and 3.4% respectively, or 800k BTC and 700k BTC. 1.4 million BTC have yet to be mined." This data suggests that Bitcoin is becoming increasingly popular among retail investors, who are holding the majority of the supply. This is a positive sign for the long-term health of the Bitcoin market and its utility as an inflation hedge. Keep in mind that the above data only reflects the holdings of known Bitcoin addresses. It does not include Bitcoin that has been lost, stolen, or otherwise held in unknown wallets and addresses. Additional Key Findings from the Bitwise Report: The number of active Bitcoin addresses has increased by 20% since the beginning of 2023. The average transaction size has decreased by 15% since the beginning of 2023. The hashrate, or computing power dedicated to mining Bitcoin, has increased by 10% since the beginning of 2023. The Bitcoin market is still dominated by long-term holders. Overall, the Bitwise report paints a positive picture of the Bitcoin market. The market is continuing to grow with more individual investors entering it, and long-term holders are continuing to accumulate BTC.