Replying to Avatar Troy Cross

What’s your evidence? We have two separate measures, one higher than River’s and one lower. But this is in line with a lot of surveys actually. You “just know”? Fits also with etf, exchange numbers, hardware wallet sales and wallet downloads… (trust wallet alone has 200 million downloads) but you just know.
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Dr. Bitcoin, MD 7mo ago

Super easy: the bitcoin UTXO set. Unspent Transaction Output set is roughly 150 million entries. Wallets tend to have many unspent transaction outputs, so there’s at most 15 million bitcoin holders assuming a modest 10 UTXO’s per person.

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