Cryptocurrency

Bitcoin ETF

Bitcoin

<div class="finbold">
 <p class="paragraph">Bitcoin (BTC) continues to trade in the green zone as the maiden cryptocurrency endeavors to surge toward a new all-time high, bouncing back from the downturn experienced in 2022. With the resurgence in value, Bitcoin is concurrently fostering an increase in <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aire holders.</p>
 <div></div>
 <p class="paragraph">Specifically, as of November 12, the number of Bitcoin <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aires stood at 88,628, signifying a substantial increase of 60,544 from the 28,084 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aires reported on January 5, according to data retrieved by Finbold.&nbsp;</p>
 <p class="paragraph">This surge in Bitcoin millionaires marks a threefold increase in 2023, equivalent to a remarkable 215% growth.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" loading="lazy" width="603" height="93" src="https://cdn.thebittimes.com/images/2023/11/12/e8a374a956f989798b64386c762af3e1.webp" alt class="wp-image-137006" srcset="https://cdn.thebittimes.com/images/2023/11/12/e8a374a956f989798b64386c762af3e1.webp 603w, https://cdn.thebittimes.com/images/2023/11/12/e8a374a956f989798b64386c762af3e1.webp 300w" sizes="(max-width: 603px) 100vw, 603px">
  <figcaption class="wp-element-caption"><em>Bitcoin distribution among addresses. Source: BitInfoCharts</em>
  </figcaption>
 </figure>
 <p class="paragraph">Breaking down the millionaires, the number of addresses holding a minimum of $1 million in Bitcoin sits at 81,962, while addresses with at least $10 million worth of the asset amounts to 6,666.</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/12/52e0b42013d0c62936beff7a279ed84e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="xrp-needs-to-meet-this-condition-to-resume-a-further-move-up">XRP needs to meet this condition to resume a 'further move up'</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/12/0d32dc98f1569c980f9333c09bcfe7f8.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="chatgpt-predicts-solana-price-for-2024-2028-2032-and-2050">ChatGPT predicts Solana price for 2024, 2028, 2032 and 2050</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/12/4db345f994a0bcdb618bc3f8a6383920.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="top-3-cryptocurrencies-under-0-10-to-buy-next-week">Top 3 cryptocurrencies under $0.10 to buy next week</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/12/63c94c153e86aacede91e8f64103746f.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="biggest-bull-run-ever-looms-for-bitcoin-as-this-indicator-reappears-after-8-years">'Biggest bull run ever' looms for Bitcoin as this indicator reappears after 8 years&nbsp;</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/12/5c6a6383f00338789cde984915316628.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="this-is-when-xrp-might-breakout-amid-lingering-sec-uncertainty">This is when XRP might breakout amid lingering SEC uncertainty</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">In contrast, on January 5, 2023, the count of Bitcoin <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aires was 28,084. Among them, 24,279 addresses held a minimum of $1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of BTC. In comparison, 3,805 addresses possessed at least $10 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of Bitcoin per data accessed through the Wayback Machine web archive tool.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" loading="lazy" width="574" height="94" src="https://cdn.thebittimes.com/images/2023/11/12/6781e5558efab642ab8c14495105676d.webp" alt class="wp-image-137007" srcset="https://cdn.thebittimes.com/images/2023/11/12/6781e5558efab642ab8c14495105676d.webp 574w, https://cdn.thebittimes.com/images/2023/11/12/6781e5558efab642ab8c14495105676d.webp 300w" sizes="(max-width: 574px) 100vw, 574px">
  <figcaption class="wp-element-caption"><em>Bitcoin distribution on January 5, 2025. Source: BitInfoCharts/Wayback Machine</em>
  </figcaption>
 </figure>
 <p class="paragraph">The surge in Bitcoin <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aires is linked to the rally in the asset’s price, which has propelled the digital currency to $37,000 after lingering below the $30,000 threshold for most of the year.</p>
 <p class="paragraph">In January, Bitcoin <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aires constituted a rather exclusive group grappling with the prevailing bearish sentiments in the cryptocurrency market. Notably, during that time, Bitcoin faced challenges stemming from macroeconomic conditions and fallout from incidents such as the collapse of the FTX crypto exchange.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-aiming-for-new-all-time-high">Bitcoin aiming for new all-time high</h2>
 <p class="paragraph">By press time, the value of Bitcoin stood at $37,050, representing a year-to-date growth of over 120%.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/12/824e2a86836aec0eca2b68d9d2289d8e.webp" alt class="wp-image-137008" srcset="https://cdn.thebittimes.com/images/2023/11/12/824e2a86836aec0eca2b68d9d2289d8e.webp 1024w, https://cdn.thebittimes.com/images/2023/11/12/824e2a86836aec0eca2b68d9d2289d8e.webp 300w, https://cdn.thebittimes.com/images/2023/11/12/824e2a86836aec0eca2b68d9d2289d8e.webp 768w, https://cdn.thebittimes.com/images/2023/11/12/824e2a86836aec0eca2b68d9d2289d8e.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin YTD price chart. Source: Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Currently, Bitcoin’s surge can be attributed to several factors. Notably, the anticipation of the approval of the first Bitcoin spot Exchange-Traded Fund (ETF) has served as a key catalyst for the ongoing rally.&nbsp;</p>
 <p class="paragraph">According to a Finbold report, there is potential approval for 12 separate Bitcoin ETF spots over the next week by the U.S. Securities and Exchange Commission (SEC). Among the applicants is BlackRock (NYSE: BLK), the world’s leading investment firm, which could significantly impact the market upon approval.</p>
 <p class="paragraph">Meanwhile, analysts maintain that Bitcoin’s current momentum could lay the foundation for the potential largest bull run in the asset’s history.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/over-60-000-bitcoin-millionaires-emerge-in-2023-3x-more-since-january-tbt70001.html">https://thebittimes.com/over-60-000-bitcoin-millionaires-emerge-in-2023-3x-more-since-january-tbt70001.html</a></p>

Over 60,000 Bitcoin millionaires emerge in 2023, 3x more since January

Table of Contents

TheBitTimes

Other articles published on Nov 12, 2023

Peter Schiff Warns of Bitcoin Price Correction Ahead of First US BTC ETF Launch

How Zilliqa Uses Sharding to Scale up Transactions Rate

Former FTX execs launch exchange in wake of fraud scandal

Why India’s Supreme Court rejected crypto regulation framework

Top cryptos to watch this week: BTC, SOL, RUNE

Crypto Weekly Recap: Here’s Everything You Might Have Missed (Nov. 5–Nov. 11, 2023)

Join our free newsletter for daily crypto updates!