Bitcoin Millionaires’ Number Soared by 237 Percent in 2023!

In 2023, the number of Bitcoin millionaires surged by 237%, marking a significant jump. The number of individuals owning at least 1 Bitcoin also increased during this period.

A remarkable increase in the number of Bitcoin millionaires has been observed. According to data from BitInfoCharts, the number of wallets holding Bitcoin worth $ 1 million or more, which was 23,795 on January 1, increased by 237% in the last 11 months to 81,925.

The majority of these millionaire wallets belong to crypto exchanges and financial institutions. It is stated that the number of individual investors is less compared to these large accounts.

Peaked in November 2021

According to Glassnode’s data, the number of wallets holding $1 million worth or more of Bitcoin peaked at 112,573 addresses in November 2021, when Bitcoin reached its highest value in history, specifically the day before its peak of $69,000.

On the other hand, the number of wallets called “wholecoiners” with a balance of at least 1 BTC increased by 4 percent since the beginning of the year, reaching 1,018,015.

Source: Cointelegraph
Previous Article

Striking Claim from JPMorgan: Analysts Find Expectations of Further Rise in the Crypto Market Exaggerated

Next Article

BitgetX HK to Shut Down Hong Kong Operations by End of 2023

Related Posts