Now this gives us an absolute upper bound for how many people own Bitcoin self-custodually. Since there are many people that own 10 or more UTXOs, I'd estimate the max number of self custodial holders to be less than 10M, maybe less than 1M.
Now this gives us an absolute upper bound for how many people own Bitcoin self-custodually. Since there are many people that own 10 or more UTXOs, I'd estimate the max number of self custodial holders to be less than 10M, maybe less than 1M.