Bitcoin Millionaire Wallet Will See Significant Growth in 2023
Key Takeaways
- The number of Bitcoin millionaire wallets more than tripled in 2023, from 23,795 to 81,925.
- The peak of Bitcoin millionaire addresses matched Bitcoin’s all-time high in November 2021.
- The number of “holcoiners” also increased from 978,197 to 1,018,015.
There has been a noticeable surge in the number of Bitcoin millionaire wallets this year.
According to the latest data from BitInfoCharts, The number of wallets holding more than $1 million in Bitcoin (BTC) has increased dramatically.. number of addresses Rapid increase from 23,795 at the beginning of the year to 81,925That’s a 237% increase in less than a year.
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However, this significant increase It is not directly related to an increase in personal wealth.. many of these High-value wallets belong to cryptocurrency exchanges and financial institutions. rather than individual users.
Reflecting historical trends, Glassnode data shows: At the peak of the last bull market in November 2021, the number of millionaire Bitcoin addresses surged.. This was when Bitcoin reached an all-time high of $69,000 on November 10, 2021. The previous day, the number of these addresses had hit a record of 112,573.
Related trends include: The “wholecoiners” category – wallets containing at least one full bitcoin – also saw modest growth.. It increased by 4% from 978,197 at the beginning of the year to 1,018,015.
In particular, overall coin wallets experienced the largest surge. Occurred between April and December last yearDespite several major collapses in the cryptocurrency industry resulting in overall price declines.
The trading value of Bitcoin is currently around $37,000, up 38% over the past month. This upward trend is due in part to Driven by positive market reaction to potential cash exchange-traded fund (ETF) products. Bloomberg ETF analysts estimate that a spot Bitcoin ETF should be approved by January 10th, and many are predicting a subsequent price rise.
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