Over 450,000 BTC Addresses Now Hold Bitcoin Worth $100K or More

The first $100,000 is a b------, but you gotta do it.

At one of Berkshire's world-renowned annual shareholder meetings in Omaha during the late 1990s, Munger stated, "The first $100,000 is a b——, but you gotta do it."

“I don’t care what you have to do. If it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000,” he added.

So far, in the Bitcoin economy, there are over 450,000 BTC addresses that hold Bitcoin to the tune of $100,000 or more at current crypto exchange rates.

Over 450,000 BTC Addresses Hold $100K+ in Crypto at August Prices

As the year turned over to 2024, the total number of Bitcoin addresses holding BTC to the value of $100,000 or greater surpassed the 450,000 milestone for the third time in the asset's brief history.

The first two instances where the Bitcoin market and economy reached this milestone were during the 2020 halving super cycle—in February and October of 2021.

Furthermore, the Bitcoin economy seems to be quite egalitarian for a high-velocity, high-tech financial network. Individuals hold more than half of the 19.7 million BTC that the network has already mined—11.97 million. That’s according to data from Bitcoin Treasuries.

Blockchain observers believe that Satoshi Nakamoto, Bitcoin's enigmatic creator, owns about 1.1 million BTC. At the same time, governments own some 565K BTC, and hedge funds and ETF issuers own about 818K BTC.

Here’s How Many Are Millennials

Based on survey data, here's how many of those addresses might belong to Millennials. That's the Echo Boomer generation that arrived between the years 1981 and 1996.

According to survey data released by Bankrate in May, Millennials account for 57% of total crypto ownership.

So, at August BTC prices, there could be as many as 256,500 Millennials worldwide who are in the Bitcoin two-comma club. Of course, if the largest digital asset continues to appreciate in crypto exchange markets, that number will likely increase.

In July, CNBC published seven tips on how to make $100,000 in a year.

They are, in essence, as follows: Automate your plan by budgeting to maximize employer-matched savings contributions and save as much as possible. In the meantime, CNBC advises paying off debt quickly, saving tax refunds and work bonuses, and doing whatever you can to increase your income.

After saving up your first six figures, "You can ease off the gas a little bit," said Charlie Munger.

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