Unit value of BTC wallets

11 ต.ค. 2022

At first this is an analysis just out of curiosity, maybe it doesn't mean anything...

The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.

Then:
BTCUSD = U$ 19 K
BTC_SUPPLY = 19,176 M units
BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B

What would happen if the market value were evenly distributed among all wallet addresses?

Calculation:
BTC MarketCap = $365.3 B
Number of BTC's wallet addresses = 1,036 B
Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352

Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.