**Bitcoin Millionaires: A Surge in Wealth Creation**
The powerful surge that propelled Bitcoin (BTC) above the $73,000 mark and set new all-time highs has sent shockwaves through the cryptocurrency world. Bullish sentiment is driving gains, particularly for long-term holders.
A surge of 64% since the start of 2024 has turned numerous holders of the leading cryptocurrency into millionaires, with approximately 1,500 new millionaire wallets being created daily, as crypto analytics firm Kaiko Research reported on March 11.
However, the current daily rate of millionaires created is less than half the 4,000 per day rate seen during the 2021 bull run.
How many Bitcoin millionaires are there?
The rise in Bitcoin’s price has exponentially increased the number of millionaires holding the original cryptocurrency, which is evident when comparing the numbers from now to a few months ago.
As of March 13, data shows that the total number of addresses holding a value of at least $1 million reached 120,473. Among these addresses, 11,379 hold Bitcoin worth at least $10 million.
Compared to the previous data obtained on December 25, these numbers stood at 97,280 addresses holding at least $1 million worth of BTC and 7,450 possessed at least $10 million worth of the cryptocurrency. This indicates that the number of millionaires has grown by 27,122 new addresses, or 25.89%, over the past three months.
It’s important to acknowledge that it is difficult to pinpoint the exact number of individuals who possess over $1 million in Bitcoin. Although data on the number of Bitcoin accounts and their balances is publicly accessible, ownership specifics remain undisclosed. Multiple accounts could belong to the same individual; conversely, numerous people might jointly hold one account.
Bitcoin price chart
As of the current writing, the BTC price is $72,527, marking a 0.25% increase over the past 24 hours. This contributes to a 9.71% growth over the past seven days, further bolstering an impressive increase of 47.45% over the past month.
The gains appear set to persist as Bitcoin defies expectations and garners increasing support from both individuals and institutions. This has led analysts to reconsider their targets and predict even further growth.
**📈 A Surge in Wealth Creation: How many Bitcoin millionaires are there?**
The recent surge in Bitcoin’s price has resulted in a significant increase in the number of Bitcoin millionaires. As of March 13, there are approximately 120,473 addresses holding at least $1 million worth of Bitcoin, with 11,379 of these addresses holding Bitcoin worth at least $10 million. Compared to data from December 25, this represents a growth of 27,122 new millionaire addresses over the past three months. However, it is important to note that it is challenging to determine the exact number of individuals who possess over $1 million in Bitcoin due to undisclosed ownership specifics.
**📈 The Rise of Bitcoin Millionaires**
Since the start of 2024, Bitcoin has experienced a surge of 64%, turning numerous long-term holders into millionaires. On average, around 1,500 new millionaire wallets are being created daily. While this is an impressive figure, it is worth noting that the current rate is less than half of what was seen during the previous bull run in 2021 when around 4,000 millionaires were being created daily.
**📈 Bitcoin Price Chart: A Steady Growth**
As of the current writing, the price of Bitcoin stands at $72,527, representing a 0.25% increase over the past 24 hours. Over the past seven days, Bitcoin has seen a growth of 9.71%, and an impressive increase of 47.45% over the past month. These gains have defied expectations and garnered support from both individuals and institutions, leading analysts to revise their targets and predict further growth.
**📈 What Does the Future Hold for Bitcoin?**
With the recent surge in Bitcoin’s price and the increasing number of millionaires created, it is clear that Bitcoin continues to be an attractive investment option. The bullish sentiment driving these gains suggests that the future may hold even more opportunities for wealth creation through Bitcoin. As more individuals and institutions show their support for Bitcoin, it is likely that we will continue to see significant growth in its value.
**Hot Take: The Rise of Bitcoin Millionaires Continues**
The surge in Bitcoin’s price has resulted in a significant increase in the number of Bitcoin millionaires. With approximately 1,500 new millionaire wallets being created daily, it is clear that Bitcoin continues to attract long-term holders who are reaping the benefits of its impressive growth. While the current rate of millionaire creation is lower than during the previous bull run, it is still a testament to the wealth-generating potential of this cryptocurrency. As Bitcoin defies expectations and garners increasing support, it is expected that we will see further growth and more individuals joining the ranks of Bitcoin millionaires.
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