Currencies33867
Market Cap$ 3.47T-0.24%
24h Spot Volume$ 46.91B+35.6%
DominanceBTC61.68%-0.20%ETH8.57%+0.82%
ETH Gas2.73 Gwei
Cryptorank

Bitcoin’s Explosive Growth Creates 48,000 New Crypto Millionaires


by CoinCu News
Bitcoins Explosive Growth Creates 48000

Key Points:

  • Nearly 48,000 investors became Bitcoin millionaires in the first half of 2023, with the number of millionaire addresses reaching 76,078.
  • Among these millionaires, 5,331 hold at least $10 million worth of BTC.
  • On January 5, 2023, the number of Bitcoin millionaires stood at 28,084.
As we reach the end of the first half of 2023, the market for Bitcoin (BTC) has been quite volatile.
Bitcoins Explosive Growth Creates 48000 New Crypto Millionaires

Despite this, the price of Bitcoin has seen a significant increase of over 55% since the beginning of the year, which has resulted in a renewed sense of optimism among investors. In fact, nearly 48,000 investors have become millionaires due to the rise in Bitcoin’s price.

The number of individuals holding at least $1,000,000 worth of BTC, also known as BTC millionaires, has increased dramatically over the past few months. At the time of this writing, there are 76,078 Bitcoin millionaire addresses, which is an astonishing increase of 47,994 or 170.89% from the January 5 figure of 28,084 holders. This information was retrieved on June 13 and is available on bitinfocharts.com.

image 972

It’s worth noting that among these millionaire wallets, 70,747 different addresses have a Bitcoin balance valued at more than $1 million, whereas 5,331 holders possess at least $10 million worth of BTC, according to the flagship decentralized finance (DeFi) asset holder distribution breakdown.

To put things into perspective, on January 5, 2023, the number of Bitcoin millionaires stood at 28,084, with 24,279 addresses holding at least $1 million worth of BTC, whereas 3,805 of them had at least $10 million worth of the cryptocurrency. This information was accessed using the web archive tool.

As of June 13, BTC was trading at a price of $26,119, which is up 1% in the last 24 hours. Additionally, it recorded a modest gain of 1.37% across the previous seven days, as it continues to recover from the losses of 2.75% on its monthly chart.

image 973
Bitcoin's Explosive Growth Creates 48,000 New Crypto Millionaires 5

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Read the article at CoinCu News

Read More

This Trader Was Liquidated 8 Times in a Week, Losing Millions

This Trader Was Liquidated 8 Times in a Week, Losing Millions

The losses amount to about $10 million, just for the past 4 days alone.
Kazakhstan’s National Bank explores state crypto reserve possibilities

Kazakhstan’s National Bank explores state crypto reserve possibilities

Kazakhstan’s National Bank supports the creation of a state-owned crypto reserve.

Bitcoin’s Explosive Growth Creates 48,000 New Crypto Millionaires


by CoinCu News
Bitcoins Explosive Growth Creates 48000

Key Points:

  • Nearly 48,000 investors became Bitcoin millionaires in the first half of 2023, with the number of millionaire addresses reaching 76,078.
  • Among these millionaires, 5,331 hold at least $10 million worth of BTC.
  • On January 5, 2023, the number of Bitcoin millionaires stood at 28,084.
As we reach the end of the first half of 2023, the market for Bitcoin (BTC) has been quite volatile.
Bitcoins Explosive Growth Creates 48000 New Crypto Millionaires

Despite this, the price of Bitcoin has seen a significant increase of over 55% since the beginning of the year, which has resulted in a renewed sense of optimism among investors. In fact, nearly 48,000 investors have become millionaires due to the rise in Bitcoin’s price.

The number of individuals holding at least $1,000,000 worth of BTC, also known as BTC millionaires, has increased dramatically over the past few months. At the time of this writing, there are 76,078 Bitcoin millionaire addresses, which is an astonishing increase of 47,994 or 170.89% from the January 5 figure of 28,084 holders. This information was retrieved on June 13 and is available on bitinfocharts.com.

image 972

It’s worth noting that among these millionaire wallets, 70,747 different addresses have a Bitcoin balance valued at more than $1 million, whereas 5,331 holders possess at least $10 million worth of BTC, according to the flagship decentralized finance (DeFi) asset holder distribution breakdown.

To put things into perspective, on January 5, 2023, the number of Bitcoin millionaires stood at 28,084, with 24,279 addresses holding at least $1 million worth of BTC, whereas 3,805 of them had at least $10 million worth of the cryptocurrency. This information was accessed using the web archive tool.

As of June 13, BTC was trading at a price of $26,119, which is up 1% in the last 24 hours. Additionally, it recorded a modest gain of 1.37% across the previous seven days, as it continues to recover from the losses of 2.75% on its monthly chart.

image 973
Bitcoin's Explosive Growth Creates 48,000 New Crypto Millionaires 5

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Read the article at CoinCu News

Read More

This Trader Was Liquidated 8 Times in a Week, Losing Millions

This Trader Was Liquidated 8 Times in a Week, Losing Millions

The losses amount to about $10 million, just for the past 4 days alone.
Kazakhstan’s National Bank explores state crypto reserve possibilities

Kazakhstan’s National Bank explores state crypto reserve possibilities

Kazakhstan’s National Bank supports the creation of a state-owned crypto reserve.