header banner

How Much Cash Is Needed to Become an Elite Member of the Bitcoin Wealth Pyramid?

Photo by Alev Takil

Bitcoin is a scarce digital asset that not many have realized yet.

Yes, we hear it all the time: there will only be 21 million BTC, the last Bitcoin will be mined in 2140, and so on.

Despite its impressive price track (almost 9,000,000% gain since inception), its potential to change the financial system, and that we can self custody it, less than 5% of the population (420 million) owns it.

And even fewer use it regularly.

But that gives you a relatively first-mover advantage if you want to take it.

So what kind of club would you be joining?

Here’s the state of Bitcoin wealth distribution among people today.

Cohort distribution in sea animal terms

The terms “whale,” “shark,” and “shrimp”, are often used to refer to different groups of bitcoin holders based on the amount of BTC they own.

It’s not a not well-defined or standardized terminology, but they generally refer to the following:

  • Whale: Individuals or entities holding over 1,000 BTC
  • Shark: 500 to 1,000 BTC
  • Dolphin: 100 to 500 BTC
  • Fish: 50 to 100 BTC
  • Octopus: 10 to 50 BTC
  • Crab: 1 to 10 BTC
  • Shrimp: less than 1 BTC

Just so you know, whales with over 10 thousand bitcoins are accumulating aggressively as of May 2023:

Screenshot from Glassnode’s Twitter account

Everybody else is distributing.

This means that BTC is being moved among cohorts, both selling, and buying.

Share of BTC by cohort

And how’s the share of BTC across these different cohorts?


Article information

Author: Brandon Smith

Last Updated: 1700136482

Views: 407

Rating: 3.9 / 5 (56 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Brandon Smith

Birthday: 1999-04-28

Address: USS Wilson, FPO AP 92105

Phone: +4712881739189588

Job: Event Planner

Hobby: Gardening, Cooking, Cooking, Badminton, Hiking, Snowboarding, Board Games

Introduction: My name is Brandon Smith, I am a risk-taking, unreserved, courageous, vivid, irreplaceable, unswerving, sincere person who loves writing and wants to share my knowledge and understanding with you.