CandleFocus Donald Trump's triumph creates over 11,000 new Bitcoin millionaires
2024-11-06
Author: Content Editor
As Bitcoin's price continues to reach new all-time highs, the number of Bitcoin millionaires has also increased. According to Finbold Research, there are now 11,487 new Bitcoin millionaires compared to just under a month ago. The increase in the number of addresses holding over $1 million worth of Bitcoin is likely due to the recent rally in Bitcoin's price. However, it is important to note that the number of addresses does not necessarily correspond to the number of individuals who own Bitcoin. The recent rally in Bitcoin can be attributed to a combination of factors, including the removal of election uncertainty and President-Elect Donald Trump's perceived friendly stance on cryptocurrencies. Despite the rally, there is still volatility in the market, and some traders may be looking to take profits from the surge.
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