Bitcoin

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 <p class="is-style-lead">In 2023, the number of Bitcoin <a rel="noopener noreferrer nofollow" title="wallets" href="https://thebittimes.com/tag/wallets.html">wallets</a> with a total value of coins exceeding a <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> dollars has tripled.</p>
 <p>According to BitInfoCharts, 23,795 Bitcoin (BTC) millionaires were registered in the market in January 2023. As of this writing, the number has risen to 81,925, an increase of 237%. The indicator began to grow actively against the backdrop of positive crypto market dynamics and Bitcoin updating its annual highs.</p>
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   <img decoding="async" width="1448" height="840" src="https://cdn.thebittimes.com/images/2023/11/13/a0f61d3148a37db8ee96cec9f5b54682.webp" alt="Bitcoin millionaire wallets triple in 2023 - 1"> 
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   Bitcoin distribution | Source: BitInfoCharts
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 <p>However, <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aire <a rel="noopener noreferrer nofollow" title="wallets" href="https://thebittimes.com/tag/wallets.html">wallets</a> are not personal to individual users, as crypto exchanges and financial institutions own many addresses with over $1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of BTC.</p>
 <p>According to Glassnode, the number of addresses holding more than $1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of Bitcoin peaked during the last bull market in November 2021. It hit a record 112,573 addresses on Nov. 9, 2021, right before Bitcoin reached its all-time high of $69,000.</p>
 <p>Meanwhile, since the beginning of the year, the number of so-called “wholecoiners”— wallets with a balance of at least 1 BTC — has increased slightly. Currently, there are 1,018,015 such addresses, which is 4% more than the 978,197 registered on Jan. 1.</p>
 <p>On Nov. 9, the price of Bitcoin set a new high for 2023. Against the backdrop of this growth, the volume of liquidations on futures contracts reached $151m. On the same day, the asset crossed the $37,000 mark. The jump in the Bitcoin price occurred against the news that the US Securities and Exchange Commission announced the start of negotiations with Grayscale regarding spot Bitcoin ETF.</p>
 <p>The first cryptocurrency closed in October 2023 with an increase of 28.5%. There have been several significant jumps in the asset’s price in the past month.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-millionaire-wallets-triple-in-2023-tbt70033.html">https://thebittimes.com/bitcoin-millionaire-wallets-triple-in-2023-tbt70033.html</a></p>

Bitcoin millionaire wallets triple in 2023

TheBitTimes

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