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Tuesday, January 24, 2023

The number of Bitcoin millionaires has dropped by 80% in a year

According to analytics company Glassnode, the bear market of 2022 resulted in an 80% reduction in the number of Bitcoin millionaires with at least 1 million BTC in their accounts. Statistics have been collected since Bitcoin reached its all-time high (ATH) of $69,000 in November 2021.

As of November 25, 2022, there were only 23,345 BTC wallets in the world with a balance of $1 million or more. Last November 8, the number of Bitcoin millionaires was 112,898.

Also Read: Solana (SOL) Review: All You Need To Know About Scalable Blockchain Clock

At the same time, according to Cointelegraph, the number of wallets with 1 or more BTC in the account continues to grow. On November 27, the indicator was 952,000, which became a record for the entire history of observations. However, in general, since November 18, the number of wallets with a non-zero balance began to decrease, the last time this was observed in April 2021.

At the time of writing, Bitcoin is trading at $16,196, down 2.14% on the day.

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