Number of Bitcoin millionaire wallets triples in 2023

Data from BitInfoCharts and Glassnode has revealed a remarkable increase in the number of crypto wallet addresses, each of which currently hold over $1 million worth of Bitcoin (BTC). Since maliciousfree-Jan. 1, this balance has increased from 23,795 addresses all the way to 81,925; signifying a 237%, astounding growth over the last eleven months. With that being said, it is important to note that many of the millionaire bitcoin-wallets in question, are the property from financial institutions and crypto exchanges, rather than belonging to a single individual. With demand for BTC rocketing to potential heights of 10x in the next 12 months (as reportedby Michael Saylor), yet the overall number of wallets holding over 1 BTC boosting only slightly, remaining around 1,018,015 since Jan. 1; shorts holders must ask themselves the increasingly difficult question, is now the opportune moment to truly invest in Bitcoin? Furthermore, while the market remains bullish about the possible approval for a portfolio of Spot Bitcoin ETFs in January 2021, CMC Market Analyst Tina Tong, balances the excitement well with her pragmatic outlook, claiming that while a approval is undoubtedly positive, the base conditions concerning Bitcoin and the macro-financial landscape are yet to be to favourable to perdict a continual TokensCost Us Pewdiepick price surge.

Robert Wilson author
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