According to the source, less than 4% of the global population owns BTC, per River’s latest assessment. Source: River. Using the United Nations 2025 world population estimate of roughly 8.1 billion, this implies fewer than about 320 million BTC holders worldwide, underscoring limited market penetration relevant to order-book depth and demand capacity. Source: United Nations DESA; River. For traders, Glassnode has documented that periods of rising new on-chain entities coincided with elevated BTC market activity and volatility in prior cycles, so today’s low ownership breadth highlights a large addressable base whose incremental onboarding can materially influence market dynamics. Source: Glassnode.