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

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.

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.

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.

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.

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Annie

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