"The Secret History of Bitcoin": Who is the largest Bitcoin holder?

Source: Hash Pie

Author: LucyCheng

Bitcoin is considered by most people to be the most transparent payment network in the world, but its address is anonymously generated by the user's wallet; therefore, "Who is the largest holder of BTC" has not always had an accurate answer. According to network information and Bitinfocharts data, except for half of the known exchange wallets in the top ten list of Bitcoin rich, all are mysterious addresses whose holders are unknown.

Bitcoin's Top Ten Rich List Address (data from bitinfocharts.com)

Most of these addresses are mainly for receiving bitcoins. The most mysterious of them is 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF, which is ranked seventh in the BTC rich list (some analysts pointed out that this is the receiving address of the stolen BTC in the 2011 hack by Mt.Gox); the address is The 79,956 bitcoins transferred on March 1, 2011 have not been transferred so far. If calculated at the price of $ 0.92 at the time, these more than 70,000 bitcoins have more than 10,000 times so far.

1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF Bitcoin transfer in and out

(Data source: bitinfocharts.com)

What's more important is that the holder and the wallet address are not a simple one-to-one relationship; storing BTC in multiple addresses is the normal operation of most Bitcoin rich people. In other words, not only who, but how much bitcoin he holds, we can't find the exact answer.

Picture from: quora.com

However, for many years, you can still draw some inaccurate but interesting conclusions from the field of lace news and analysis of some curious people.

For example, the Winklevoss brothers, owners of the New York cryptocurrency Gemini, said in 2013 that they own about 1% of the current circulation of Bitcoin (based on the total BTC circulation of about 12 million at that time, the two brothers (About 120,000 bitcoins). And who also owns six-digit bitcoins is Li Xiaolai, who claimed to be the first person to hold bitcoin in China in Rotary Time, Roger Ver, known as "Bitcoin Jesus," and seized the Silk Road operator 14.4. 10,000 BTC's FBI and Bulgarian law enforcement agencies that confiscated more than 200,000 bitcoins in the fight against crime.

In addition to these lace news, according to the paper "Quantitative Analysis of the Full Bitcoin Transaction Graph" published by Adi Shamir, one of the authors of the RSA algorithm, the person holding the most bitcoin may not hold more than 700,000 BTC. The Israeli mathematician analyzed the transaction data of the first 18,000 blockchains of Bitcoin and concluded that there have been two entities (including individuals and trading institutions) that have held more than 500,000 BTC in history, and their income (excluding expenditure) The largest number of people transferred into the transaction was below 700,000 BTC. But it needs to be emphasized that this is already an analysis in 2012, and today's data may have to be refreshed eight years later.