Bitcoin Millionaires Rise By 246% In 2023, Here’s How Many There Are
26 Dezembro 2023 - 2:30PM
NEWSBTC
Bitcoin’s resurgence in 2023 has created wealth for many crypto
investors, as there has been a significant rise in the number of
Bitcoin millionaires. These Bitcoin millionaires happen to be
wallet addresses whose BTC holdings equal $1 million or
above. Number Of Bitcoin Millionaires According to data from
BitInfoCharts, there are currently 97,497 Bitcoin millionaires.
This represents a significant increase from the beginning of the
year when the number of wallet addresses equal to $1 million and
above stood at 23,795, according to data from Glassnode.
Related Reading: Why Did The XRP Price Surge To $0.64 Today? This
development is attributed to the resurgence in Bitcoin’s price this
year, with the crypto token seeing over 158% gain year-to-date. At
the beginning of the year, Bitcoin’s price stood at just over
$16,000. However, as the flagship cryptocurrency’s price began to
rise, so did its number of millionaires. Further data from
BitInfoCharts breaks down these Bitcoin millionaires into two
categories. The number of addresses that are greater than $1
million stands at 90,040, while 7,457 wallet addresses hold $10
million or more. Meanwhile, other addresses below $1 million
have also seen enormous profits. Market intelligence platform
Santiment recently reported that 89% of the total Bitcoin supply is
in profits. 2024 could be a better year for these addresses,
considering that the Bull market is expected to kickstart next
year. In the meantime, some of these Bitcoin millionaires and
persons with significant holdings seem to be taking profits.
NewsBTC recently reported how Bitcoin whales had sold around 50,000
BTC which equals to about $2.2 billion. BTC price retraces to
$42,600 | Source: BTCUSD on Tradingview.com About Two Weeks To Go
For Spot ETFs One of the biggest moments for Bitcoin and the crypto
industry could come as early as January 10. This is around the
period when experts are predicting that the Securities and Exchange
Commission (SEC) will approve the pending Spot Bitcoin ETFs, and
there is optimism in the air as many actions point to an approval
happening. Related Reading: Crypto Analyst Predicts XRP Price
Will Hit $1.33 ‘Pretty Fast’ Crypto stakeholders have had their
eyes fixed on developments revolving around these Spot Bitcoin
ETFs. The reason isn’t farfetched, as these funds could unlock
fresh liquidity into the Bitcoin ecosystem. Trading firm QCP
Capital had highlighted this as the catalyst to Bitcoin hitting its
all-time high (ATH) and possibly new ATHs. At the same time,
people like the former CEO of crypto exchange BitMEX, Arthur Hayes,
will be hoping that these ETFs don’t achieve much success as he
says they could lead to Bitcoin’s downfall. At the time of
writing, Bitcoin is trading at around $42,678.76, down over 1% in
the last 24 hours according to data from CoinMarketCap. Featured
image from Crypto News, chart from Tradingview.com
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