A microscopic derivation of the Bekenstein–Hawking entropy for the Schwarzschild black hole was presented earlier by using a nontrivial phase space. It was argued that the Schwarzschild black hole behaves like a [Formula: see text] quantum mechanical system. In this paper, we show that if we assume the phase space to obey the holographic principle and take the microscopic particles inside the quantum gravitational system to be ideal bosonic gas, we can derive the Bekenstein–Hawking entropy. The assumption of the phase space to follow the holographic principle such that the Schwarzschild black hole behaves as a [Formula: see text] system is very much in the spirit of our understanding of black holes than their behavior as a [Formula: see text] system. However, the argument suggests that the black hole be treated as a system with the equation of state [Formula: see text].