Bitcoin

With the first half of 2023 already over, Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) has gone through some turbulent times but has nonetheless managed to grow its price by over 55% since the year’s turn, sparking renewed optimism among <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> and turning nearly 48,000 of them into millionaires.Indeed, the number of <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> millionaire addresses at press time stood at 76,078, representing an increase of 47,994 or 170.89% from the January 5 figure of 28,084 holders who had at least $1,000,000 worth of BTC in their possession, as per <a href="https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" rel="noopener noreferrer nofollow">data</a> retrieved by Finbold on June 13.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4432da0b8a7f4612b1c7dad08362d910.png" />Bitcoin distribution among addresses. Source: <a href="https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" rel="noopener noreferrer nofollow">BitInfoCharts</a>Specifically, among these millionaire wallets, 70,747 different addresses have a Bitcoin balance valued at more than $1 million, whereas 5,331 holders possess at least $10 million worth of BTC, as the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset holder distribution breakdown indicates.By comparison, on January 5, 2023, the <a href="https://finbold.com/crypto-market-resurgence-produces-over-44000-new-bitcoin-millionaires/" rel="noopener noreferrer nofollow">number of Bitcoin millionaires stood at 28,084</a>, with 24,279 addresses holding at least $1 million worth of BTC, whereas 3,805 of them had at least $10 million worth of the maiden <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a>, according to the data accessed using the <a href="https://web.archive.org/web/20230105160843/https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" rel="noopener noreferrer nofollow">web archive tool</a> Wayback Machine.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ec80ba6e71914c3a9810ad3a37a1aabb.jpg" />Bitcoin distribution on January 5, 2025. Source: <a href="https://web.archive.org/web/20230105160843/https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" rel="noopener noreferrer nofollow">BitInfoCharts/Wayback Machine</a><h2 id="header-0">Bitcoin price analysis</h2>Meanwhile, Bitcoin was at press time changing hands at the price of $26,119, up 1% in the last 24 hours and recording a modest gain of 1.37% across the previous seven days, as it moves to reverse the losses of 2.75% on its monthly chart, as per the information on June 13.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0c429f5d18d847168bb3c4702dd7cf74.png" />Bitcoin 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>As Finbold <a href="https://finbold.com/bitcoin-whale-hodling-sparks-hope-for-btc-price-rebound/" rel="noopener noreferrer nofollow">reported</a> earlier, <a href="https://finbold.com/guide/crypto-wallets/" rel="noopener noreferrer nofollow">crypto wallets</a> owning between 100 and 10,000 BTC have added nearly 60,000 more of the largest <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> asset by market capitalization to their holdings as its price dropped by 10% since April 9, creating <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> divergence and indicating the possibility of the future strong rebound.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Bitcoin creates 48,000 new crypto millionaires in 2023

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