Addresses with Balance
How many addresses hold any Bitcoin today? The stock of funded addresses grows almost monotonically across cycles and is the standard input of Metcalfe/Peterson network-value models. Addresses are not people — one exchange custodies millions of customers behind few addresses; the series works as a trend, not as a user count.
- Formula:
- Bestand Adressen mit Balance > 0
- Data source:
- brk_nonzero_addr_count (Bitcoin Research Kit, upstream addr_count) · Cron btc-metrics-brk
Strategies to backtest
Thematically related strategies from our library — try them in the backtest engine or read up on the methodology.
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