Here’s how many BTC addresses are ‘rich’ by Charlie Munger’s definition

In the year “The first $100,000 is ab——, but you have to do it,” Munger said at Berkshire's world-famous annual shareholder meetings in Omaha in the late 1990s.

“I don't care what you have to do. If it means going everywhere and not eating anything that isn't bought with a coupon, get your hands on $100,000,” he said.

There are currently over 450,000 BTC addresses in the Bitcoin economy that hold Bitcoin worth $100,000 or more at current crypto currency rates.

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Over 450,000 BTC addresses over $100K

As the year turns to 2024, the total number of BTC addresses worth $100,000 or more has surpassed 450,000 stakes for the third time in the asset's short history.

The first two times the Bitcoin market and economy reached this point were during the 2020 half of the super cycle—in February and October 2021.

In addition, the Bitcoin economy seems to have the parity for a high-speed, high-tech financial network. Of the 19.7 million BTC that the network has already released, individuals hold more than half – 11.97 million. That's according to Bitcoin Treasuries data.

Blockchain watchers believe that Satoshi Nakamoto, the mysterious creator of Bitcoin, owns about 1.1 million BTC. Meanwhile, governments have some 565K BTC, and hedge funds and ETF issuers have about 818K BTC.

Here's how millennials are

Based on survey data, here's how many of those addresses are likely to be Millennials. The boomer generation that came between 1981 and 1996.

According to survey data published by Bankrate in May, 57% of all crypto ownership consists of millionaires.

So, at August BTC prices, there could be as many as 256,500 Millennials worldwide in Bitcoin's double-comma circle. Of course, this number could increase if the largest digital asset continues to appreciate in crypto exchange markets.

In July, CNBC published seven tips on how to make $100,000 a year.

In a nutshell, they are: Set a budget to save and automate your plan by maximizing employer-matched savings contributions. In the meantime, CNBC says, do everything you can to pay off debt quickly, save tax refunds and work bonuses, and increase your income.

After you save your first six figures, “you can ease off the gas a little bit,” says Charlie Munger.