Bitcoin Millionaire Wallets Tripled in 2023
03 Jan, 2024 ● Kripto novosti
![Bitcoin Millionaire Wallets Tripled in 2023](https://wcms-cdn.bitmarkets.com/3434/!!!!!!MIL2.jpg)
As it approaches its 16th year, Bitcoin might have created up to 100,000 millionaires in the United States.
According to data, since the beginning of 2023, the number of wallets holding Bitcoin valued at least $1 million has increased by almost 300%.
As Bitcoin turns 15 years old, it is currently the ninth most valuable asset globally. With a market capitalization of approximately $900 billion, Bitcoin was mined fifteen years after the genesis block.
For Bitcoin hodlers, the last year has been a renaissance, as the cryptocurrency rose 160% in US dollars after emerging from the depths of its longest-ever bear market.
The on-chain analytics company Glassnode reports that there are currently over 91,000 Bitcoin "millionaires." While not yet at all-time highs seen in November 2021, the total is still nearly four times higher than on January 3, 2023, when measured as unique addresses with a balance of at least $1 million.
“Let us not forget that #Bitcoin is the 9th most valuable asset in the world. In less than 15 years, it surpassed 7,963 other assets to accomplish this,” author Oliver Velez reflected on Bitcoin’s metamorphosis.
“By the end of 2025, I suspect it to be in the top three. We shall see.”
The figures bear obvious ramifications for current Bitcoin users and were not overlooked by major players in the sector.
Should more of the approximately 60,000,000 dollar millionaires in the world choose to increase their exposure, Bitcoin faces a supply squeeze due to its fixed, immutable supply of 21 million units, several million of which are thought to be irretrievably lost.
Henley & Partners, a consultancy firm specializing in investment migration, conducted a survey in September 2023 that suggests an additional 40,500 individuals may have million-dollar assets held in Bitcoin.
“We have seen a significant spike in enquiries from crypto millionaires over the past six months, who are all looking to build a viable ‘Plan B’ to protect themselves against any potential future bans on the trading or use of cryptocurrencies in their countries, and to allay the risks of aggressive fiscal policies that tax digital assets at source,” Henley & Partners CEO Juerg Steffen stated to private banking news service WealthBriefing at the time.
According to Henley, there seemed to be only six Bitcoin billionaires as of September.
Meanwhile, according to Glassnode, there are now more than a million "wholecoiners"—unique addresses with at least one Bitcoin—for the first time.
Sources:
https://cointelegraph.com/news/15-years-90k-bitcoinaires-bitcoin-millionaire-wallets-jump
https://studio.glassnode.com/metrics?a=BTC&m=addresses.Min1MUsdCount
https://twitter.com/olvelez007/status/1742214584847524196
https://twitter.com/TuurDemeester/status/1742257403578536158
https://www.henleyglobal.com/publications/crypto-wealth-report