Who buys bitcoins?

Overview of the Population Buying Bitcoin

How many people worldwide own Bitcoin？

As of November 2023, it is estimated that between 24 million and 30 million people worldwide own Bitcoin.

What is the situation of Bitcoin held by different age groups？

According to various surveys and studies, the situation of Bitcoin held by different age groups is as follows:

18-29 years old: This age group has a high acceptance of new technologies and a higher risk preference. Therefore, they are the main group of Bitcoin holders. Their main reasons for holding Bitcoin are investment and speculation.

30-49 years old: People in this age group usually have higher incomes and education levels and have more experience in investment. Their main reasons for holding Bitcoin are investment and hedging against inflation.

Over 50 years old: This age group has a relatively low acceptance of new technologies and a lower risk preference. Their main reasons for holding Bitcoin are investment and maintaining value.

A survey revealed that 13% of people aged 18-29 held Bitcoin. In the 30-49 age group, 7% of people owned Bitcoin. Among those over 50, 4% owned Bitcoin.

With the increasing recognition of Bitcoin and more institutional investors entering the market, it is expected that the number of Bitcoin holders in all age groups will increase in the future. Young people are still the main group of Bitcoin holders, but other age groups are also gradually growing.

Young people usually have a higher risk preference, so they are more willing to invest in high-risk assets such as Bitcoin. Those with higher income levels are more likely to own Bitcoin. Those with higher education levels have a higher acceptance of new technologies and, thus, are more likely to own Bitcoin. Those with rich investment experience are likely to see Bitcoin as an investment tool.

What is the ratio of men to women who own Bitcoin？

According to various surveys and studies, the proportion of men who own Bitcoin is significantly higher than women.

One survey showed that the proportion of men who own Bitcoin is 67%, and the proportion of women is 33%. Another survey showed that among users of cryptocurrency exchanges, the proportion of men is 80%, while women are 20%.

Although the proportion of women owning Bitcoin is gradually rising, it is still far less than men. In the future, as more women understand and accept Bitcoin, this gap may close.

Men generally have a higher risk tolerance than women, so they are more willing to invest in high-risk assets such as Bitcoin. Men usually have higher income levels than women, in consequence, they are more likely to own Bitcoin. Men usually have higher education than women, so they are more likely to stand and accept Bitcoin. Men are generally more able to obtain information about Bitcoin.

In which regions do most residents own Bitcoin？

According to various surveys and studies, North America and Europe are regions with the most Bitcoin holders.

One survey showed that the proportion of Bitcoin holders in North America and Europe is 36% and 34%, respectively. Another survey showed that among the top 100 Bitcoin holders globally, 57% are from North America and 33% are from Europe.

As the recognition of Bitcoin increases and more institutional investors enter the market, it is expected that the number of Bitcoin holders in other regions will also increase. North America and Europe remain the regions with the most bitcoin holders, but the growth rate is faster in Asia and Africa.

Regions with higher levels of economic development have higher levels of income and are more likely to hold Bitcoin. In regions where the Internet is widely available, residents are more likely to access information about Bitcoin. Some governments have an open attitude towards cryptocurrencies, while others are cautious.

In conclusion, North America and Europe are regions with the most Bitcoin holders. In the future, as economic development and internet proliferation in other regions continue, Bitcoin holders might become more distributed.

Some countries/regions with a large number of Bitcoin holders include the United States, Canada, Germany, the UK, France, Switzerland, Netherlands, Sweden, Russia, and China. It is important to note that these data all have certain errors. Many factors affect the status of Bitcoin holdings, and these factors will change over time.

Different types of Bitcoin buyers

Individual Investors

Ordinary investors: Consider Bitcoin as an investment tool and expect long-term returns.

Speculators: Take advantage of the price fluctuation of Bitcoin for short-term trading and profit from the price difference.

Tech enthusiasts: Interested in blockchain technology and optimistic about the future development of Bitcoin.

Institutional Investors

Venture capital firms: Invest in start-up companies related to Bitcoin.

Hedge funds: Use Bitcoin as a tool for investment portfolio diversification.

Public companies: Include Bitcoin on their balance sheets.

Other buyers

Merchants: Accept Bitcoin as payment.

Illegal activity participants: Use Bitcoin for illegal activities such as money laundering.

Reasons for Purchasing Bitcoin

Investment

Inflation Hedging: Bitcoin is considered an asset that resists inflation.

Return on investment: Bitcoin has a high potential return on investment.

Risk Diversification: Bitcoin can help investors diversify their portfolio risks.

Payment

Globalized Payment: Bitcoin can be used for cross-border payments, not subject to geographical restrictions.

Anonymous Payment: Bitcoin transactions have a degree of anonymity.

Low-cost Payment: Bitcoin transaction fees are relatively low.

Other reasons

Hedging: Bitcoin is seen as a haven asset that can preserve value in times of economic or political turmoil.

Ideology: Some people support the decentralized concept of Bitcoin.

Technological innovation: Some people are optimistic about the blockchain technology behind Bitcoin.

Channels for Buying Bitcoin

Centralized Exchanges

Major exchanges such as Binance, Huobi, and OKEx are the primary channels for buying Bitcoin.

Advantages: Transactions are convenient and there is good liquidity.

Disadvantages: Identity verification is required and there's trading risk.

Decentralized Exchanges

Decentralized exchanges like Uniswap, and PancakeSwap allow for anonymous Bitcoin actions.

Advantages: No need for identity verification, higher security.

Disadvantages: Trading operations are complex, and liquidity is poor.

Other channels

Peer-to-peer trading platforms: Platforms like LocalBitcoins allow for over-the-counter trading.

ATMs: In some regions, Bitcoin can be purchased through Bitcoin ATMs.

Precautions for Buying Bitcoin

Risk reminder: The price of Bitcoin fluctuates sharply, and the investment risk is high.

Safety issues: Bitcoin should be kept properly to prevent theft.

Compliance issues: Local laws and regulations must be complied with.

Future Outlook

What is the future development trend of Bitcoin？

The future development trend of Bitcoin is filled with a lot of uncertainty, but its development potential is enormous. The price of Bitcoin may continue to fluctuate sharply, which primarily depends on factors such as market supply and demand, regulatory policies, and investor sentiment. With the increasing recognition of Bitcoin and the enhancement of market maturity, it is predicted that more institutional investors will enter the Bitcoin market in the future, which may drive the long-term price rise of Bitcoin. Bitcoin may be more widely used in payment, investment, financial and other fields. Government regulatory policies on cryptocurrencies from various countries will significantly impact the future development of Bitcoin. The continuous development of blockchain technology may bring new application scenarios and development opportunities for Bitcoin.

What factors will affect the price of Bitcoin？

The price of Bitcoin is affected by multiple factors, with the supply and demand relationship of Bitcoin being the most significant factor. The attitude and expectations of investors towards Bitcoin also affect its price trend. The continuous development of blockchain technology may bring new application scenarios and development opportunities for Bitcoin. Macroeconomic factors such as the global economic situation and inflation rate also affect the price of Bitcoin. Major events, media reports, and celebrity effects may also affect the price of Bitcoin in the macroeconomic

Who will be the main holders of Bitcoin？

The primary holders of Bitcoin include individual investors, institutional investors, cryptocurrency exchanges, miners, and hackers. In the future, the principal holders of Bitcoin may change. With the increased recognition of Bitcoin and market maturity, it is predicted that more institutional investors will enter the market, becoming one of the primary holders of Bitcoin. With the growing interest of individual investors in cryptocurrency, they may also become the main holders of Bitcoin. Some national governments may buy and hold Bitcoin as national reserve assets. However, who will become the main holders of Bitcoin is yet to be determined, and the future development trend is worth paying attention to.