Bitcoin Makes Nearly 70,000 Millionaires in 2023
As we approach the end of 2023, the cryptocurrency industry is gearing up for a new year with a positive outlook. Throughout the past 12 months, Bitcoin (BTC) has proven to be a lucrative investment, turning almost 70,000 individuals into millionaires.
Currently, there are 97,326 Bitcoin holders who possess at least $1 million worth of BTC. This marks a significant increase of 69,242 or 246.55% compared to the figure of 28,084 holders with $1 million in BTC on January 5, 2023.
Breaking down the numbers further, out of these addresses, 89,864 have a Bitcoin balance exceeding $1 million. Additionally, 7,462 of them hold $10 million or more in the flagship decentralized finance (DeFi) asset. This is a notable increase from January 5th when there were only 24,279 holders with $1 million and 3,805 with over $10 million worth of BTC.
Bitcoin Price Analysis
As of now, Bitcoin’s market capitalization stands as the largest in the crypto market. It is currently priced at $43,203 with a slight decline of 0.9% in the last 24 hours. However, it has seen a growth rate of 5.98% over the previous seven days and an impressive gain of 14.56% in the past month. Looking at its yearly chart, Bitcoin has surged by an astonishing 156.64%.
If Bitcoin manages to break through the projected threshold of $45,000 according to the Bitcoin Rainbow chart for January 1st, 2024, it has the potential to create even more millionaires. Furthermore, the approval of the first spot Bitcoin exchange-traded fund (ETF) and the upcoming halving could contribute to new all-time highs.
Hot Take: Bitcoin Continues to Mint Millionaires
The year 2023 has been exceptionally fruitful for Bitcoin investors, with almost 70,000 individuals becoming millionaires through their BTC holdings. The increasing number of Bitcoin addresses holding at least $1 million demonstrates the growing wealth in the crypto market. With Bitcoin’s price on the rise and potential catalysts like the approval of a spot Bitcoin ETF and an upcoming halving event, there is a strong possibility that more individuals will join the millionaire club in the future. As we enter a new year, the crypto industry eagerly awaits to see if Bitcoin can surpass the projected threshold of $45,000 and continue its journey towards new heights.
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