CandleFocus Number of Bitcoin millionaires soar by 25% in 2024
2024-09-23
Author: Content Editor
The number of millionaire holders of Bitcoin has increased in 2024, with 121,089 addresses holding at least $1 million worth of BTC. In January 2023, there were 96,736 such addresses, indicating a 25.21% increase this year. The true number of individuals holding over $1 million in Bitcoin is difficult to determine due to the blockchain's transparency but undisclosed ownership details. Despite price corrections, Bitcoin has remained resilient and is trading above $60,000, signaling continued bullish momentum. There is anticipation of a possible price rally that could drive the number of millionaire holders even higher. However, economist Peter Schiff argues that Bitcoin has no long-term potential and suggests investing in gold. Overall, the valuation dynamics and price swings will influence the number of high-value Bitcoin holders.
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