Reality Check: Will the US Really Hold 40% of All Bitcoin by 2025?
A chart circulating on X shows that the United States will hold 7.8 million Bitcoins by the end of 2025, accounting for about 40% of the total supply. India also ranks second with 1 million BTC, equivalent to 5.1% of the total global holdings.
This claim quickly gained traction. But does the data match reality?
Let's analyze.
Tracing the origin of the complaint
Image shared by investor Fred Krueger shows Bitcoin ownership by country and category.
“Bitcoin is primarily an American thing,” he wrote. “India is the second surprise. Europe is really irrelevant.”
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But the chart doesn't mention where these numbers come from. And not everyone believes it.
Blockstream CEO responded to this tweet: “The source data seems unrealistic, I’m not sure how they did it, but I assume it’s not good data.”
How Much Bitcoin Does the United States Really Hold?
Let's analyze it using verified numbers from BitcoinTreasuries.net :
US Government: 198,022 BTC
Public companies (like MicroStrategy, MARA): 876,517 BTC
Private Company: 188,105 BTC
US-based ETFs: 1,342,715 BTC
So the total number of Bitcoins in existence is around 2.6 million BTC, which is around 13.3% of the total number of Bitcoins in circulation. That's not even close to 40%.
What about retail investors?
Triple-A's 2023 data shows that 13% of Americans own cryptocurrency. Bitcoin is the most popular asset. But even if everyone holds a certain amount of BTC, the total number of BTC still doesn't add up to 7.8 million.
Is the US Bitcoin Lead Invincible?
As of now, no region has a total BTC holding that comes close to the United States.
Europe holds around 900,000 BTC, representing just 4.6% of the supply, with both individual and institutional investors participating. “Europe really has nothing to do with this,” according to Fred Krueger.
How Much Bitcoin Does the United States Really Hold?
Let's analyze it using verified numbers from BitcoinTreasuries.net :
US Government: 198,022 BTC
Public companies (like MicroStrategy, MARA): 876,517 BTC
Private Company: 188,105 BTC
US-based ETFs: 1,342,715 BTC
So the total number of Bitcoins in existence is around 2.6 million BTC, which is around 13.3% of the total number of Bitcoins in circulation. That's not even close to 40%.
What about retail investors?
Triple-A's 2023 data shows that 13% of Americans own cryptocurrency. Bitcoin is the most popular asset. But even if everyone holds a certain amount of BTC, the total number of BTC still doesn't add up to 7.8 million.
Is the US Bitcoin Lead Invincible?
As of now, no region has a total BTC holding that comes close to the United States.
Europe holds around 900,000 BTC, representing just 4.6% of the supply, with both individual and institutional investors participating. “Europe really has nothing to do with this,” according to Fred Krueger.