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How much Bitcoin does China own?

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China and Bitcoin have a long history together. The first time the country mentioned Bitcoin was in 2013, when it was announced that China's Central bank, the PBOC, would regulate and monitor financial institutions' involvement in digital currency. Now, we know that China is actively trying to shut down miners who process Bitcoin transactions through their electrical grids. And with new regulations coming into effect next month, we're expecting to see a big shift in how Chinese people are engaging with cryptocurrencies — both from individuals to central banks. But how much Bitcoin is there in China? Well, the short answer is: it's a lot. At the time of writing (March 1, 2018), the total amount of Bitcoins mined globally was 87.9M BTC with 11.7M BTC available on exchanges and 67.2 BTC "lost" (meaning they were never recovered). The number of Chinese people mining Bitcoin is still unknown but China's Bitcoin mining pools accounts for 11% of all Bitcoins m...
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Who owns all the Bitcoin?

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A lot of people have been asking the question, who really owns all the Bitcoin ? Unlike traditional currencies, Bitcoin can be divided into parts with each having a value. These units are known as 'satoshis'. As no single central bank or authority issues new bitcoins, it is difficult to know exactly how many bitcoins are in circulation. The number of units currently in existence is estimated at 17 million. A tiny 0.3% of the world's population owns a bitcoin, with nearly half of the owners holding two or less. Looking at the distribution chart, it is clear that there are a couple of Bitcoin owners who hold a disproportionate amount of assets compared to other people or investors. For example, if you look at the top 10 addresses which account for 38% of all bitcoins, one belongs to Satoshi Nakamoto – an alias for Bitcoin's inventor. Another address belongs to a known malware group and yet another has not received any transactions since 2013. The other six addresses are ...
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