Teddy Fusaro, president at Bitwise Invest, has predicted that “everyone” will end up owning Bitcoin in the future.
“The only question is whether you choose it early, or it’s chosen for you later,” he said.
This comes in response to a recent Bloomberg report about anti-crypto financial giant Vanguard Group being the largest holder of Strategy (MSTR).
Despite its aversion to the leading cryptocurrency, the Pennsylvania-based financial giant is indirectly benefiting from Bitcoin’s recent record-breaking rally.
Vanguard has such massive Strategy holdings due to its index-tracking funds that automatically include Saylor’s controversial company.
How far has Bitcoin adoption progressed?
Overall, there are roughly 70 million Bitcoin addresses around the globe that contain at least $1. The vast majority of existing addresses hold no balances.
However, estimating the total number of individual Bitcoin holders is actually quite challenging since a person can obviously own several addresses.
Coinbase, the leading US exchange, currently boasts a total of 68 million accounts.
Corporate Bitcoin ownership has emerged as a new trend, with companies holding roughly 1.8 million coins. Strategy, Marathon Digital, and Coinbase are among the top holders, but tech giants such as Amazon and Microsoft are not willing to join the party so far.