Bitcoin (BTC) is one of the fastest-growing digital assets in the market. Numerous investors and miners join the ever-growing world of cryptocurrency by making investments in BTC and its counterparts. The last year saw a huge rise in the overall investors in Bitcoin. This birthed a new question. How much Bitcoin do you need to be in the top 2% of holders?
Bitcoin brought in a lot of wealth to numerous retail and institutional investors over its lifetime. The extraordinary amount of supply and demand has since made BTC a minimal risk investment. People who invested in Bitcoin over a decade ago accumulated wealth as the price kept rising. Looking back, on average, not many people were buying Bitcoin in 2011, and everyone who did get some BTC has done very well for themselves.
Why is BTC Analysis Important?
Bitcoin has been a topic on the financial news for the past decade, especially during and after each halving cycle. Over this time there are many views on the topic. While facts and historical records are analysed by some, others use strong prediction software and AI models to understand the digital asset.
We can learn numerous things through analysis like when is the right time to invest in BTC, how much Bitcoin can put you at the top and the risks investing in Bitcoin.
Checking if you’re in the top 2% of BTC holders is quite simple. Since Bitcoin is a public ledger, anyone can check how much Bitcoin others hold on websites like https://www.blockchain.com/explorer. This is the reason that numerous people go to great lengths to keep their wallets anonymous during Bitcoin transactions.
How to See How Much Bitcoin Everyone is Holding?
How to Check Others’ BTC?
Bitcoin transactions are not anonymous. The superior security of a cryptocurrency comes from the system architecture and not anonymity. This gives anyone on the internet access to Bitcoin’s public ledger. Still, BTC is considered safer than other cryptocurrencies in the space.
The public Bitcoin ledger makes analysing the current trends of Bitcoin much easier. Many Bitcoin wallets will have the feature to check the ledger. When you perform a transaction, the wallet automatically provides a transaction address. When you click on the address it will take you to the ledger where you can see the transaction occur in real-time as well as check the history of the account.
Is It The Right Time to Invest in BTC?
If you’re wondering whether it is still worth investing in BTC, many say that the price will go up so buying now could prove to be a good investment if you are planning on holding for numerous years. It is common to have second thoughts on the said matter though, as cryptocurrency prices are subject to volatility, with prices rising/falling 20% in a day the norm. But the rising price of Bitcoin and the safety that blockchain assures puts BTC in the numerous best cryptocurrency lists. BTC is also the cryptocurrency with the highest market capitalisation in the world.
How Much Bitcoin Do You Need To Be In The Top 2% of Holders?
Understanding BTC Statistics
Bitcoin, in a sense, is not that different from gold or silver. There is only a limited amount of BTC in the world. Many people wonder if they will ever be able to make full use of the cryptocurrency surge. Studying the Bitcoin trend helps us figure out the best time to buy Bitcoin. First, let’s understand the stats related to Bitcoin.
There is only ever going to be 21 million Bitcoin in the world. With that being the truth, let’s breakdown the BTC distribution taking into account the amount miners receive.
An article published on Buy Bitcoin Worldwide estimated that there are more than one million BTC miners active at any time. Every miner gets their share of BTC. Assuming all the miners get their fair share, Bitcoin is already distributed among one million people.
There is currently around 18,300,000 BTC in circulation. Now, BTC is a very exciting investment, and millions of users have already invested in Bitcoin. The miners may have sold some of their Bitcoin as well. Considering all these facts, the amount of BTC you need to be in the top 2% isn’t one BTC, it’s actually less.
Analysing the Stats – How Much BTC Has Been Lost?
Along with the above BTC stats, thousands of people lost Bitcoin wallet seed phrases and BTC inside the wallets. There is no proper news on how much BTC is lost because of forgotten passwords. All the lost Bitcoin cannot be brought back into the heap and is marked as lost forever.
Not many people hold over a million dollars worth of BTC. To understand the full stats, assume that Bitcoin is a complete pizza. Now, numerous people may go through this box and take a slice of pizza. Finally, the person who got to the box last will have the least amount of pizza.
Bitcoin works the same way. If you are looking to buy Bitcoin or any other cryptocurrency soon, it is a good idea to time your investment with the supply and demand cycle. In other words, don’t invest when everyone else is, rather buy BTC when the price is at its lowest.
How Much BTC Should You Own?
In 2018, Levison tweeted that if you own 0.28 BTC, you will be in the top 1% of holders. This does not mean that no investors will ever be able to buy BTC and get a spot on the list. It just means that a smaller number of people, roughly around one percent, may have more Bitcoin than you at a particular instant.
This means that to be in the top 2%, BTC holders will need to hold at least 0.28 BTC. Even though numerous researchers and studies show different findings, still, it is generally accepted in the community that these are the approximate numbers.
What Is The Best Time to Buy Bitcoin?
If you are new to the fantastic world of BTC and blockchain, well, don’t wait until all the good stuff is gone. Considering all the facts, how much BTC should you own?
Numerous researchers say that it is best to own at least 0.0025 BTC as its price is expected to go up in the future.
As time progresses, the popularity of cryptocurrencies, such as BTC, is expected to rise rapidly. The number of retail and institutional investors purchasing BTC is rising rapidly. New cryptocurrencies may emerge, but nothing can quite reach the level of financial excitement that BTC does.
Bitcoin, along with other digital currency, is expected to be the best investment return in the future.
Is Bitcoin Mining Still Economical?
BTC mining used to be way more economical than it is now. However, as crypto started to take over the average trading options, more and more users started to mine BTC.
If you are thinking of entering the bitcoin mining space now you need to know numerous things, such as price, electricity use and resource management. Maybe with the use of a truly powerful and efficient rig, Bitcoin mining could be economical, however investing in BTC rather than mining might be a better option.
How to Purchase More Bitcoin Through Zipmex
Invest in Bitcoin with Zipmex
Zipmex offers numerous cryptocurrencies, including BTC, ETH, LTC, ZMT and others.
Buying BTC on Zipmex is much simpler than you’d expect. Zipmex has low transaction fees, which means that you will save a lot if you are investing a significant amount.
It’s simple to use and while trading can be a little more complicated for beginners, buying using your bank account is a simple process. Simply follow the steps below to start holding BTC.
How to Create a New Account on Zipmex?
Before making your first trade, you first have to create an account on Zipmex.
- First, go to the Zipmex website, read the terms, and create a free account.
- Now, you need to ‘Verify your profile’ to start investing in BTC.
- Deposit fiat currency in your Zipmex account and start your investment.
- You can now buy and sell BTC using Zipmex. You can also exchange other cryptocurrencies on Zipmex.
- You can also store your BTC on Zipmex exchange.
Zipmex Account Verification to Start BTC Trading
You need to provide the following information and documents to get your account verified on Zipmex.
- Personal particulars relating to your contact details
- Identity documents.
By verifying your account, you can perform Deposits and Withdrawals for both fiat and digital assets.
Invest In Bitcoin Today
Bitcoin is a quite fascinating topic for everyone looking for significant financial gain. Many people understand the significance of Bitcoin’s financial growth and are actively looking at investing in the field. With the growing interest in investment the demand is growing resulting in a higher BTC price.
So, if you want to secure your spot in the top 2% of the BTC elite, then start your investment journey now with Zipmex when the BTC price is lower.
Make sure you sign up for an account today and begin accumulating – the earlier you get in the better it could be for long-term gains.