Bitcoin

As we enter the second quarter of 2023, Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) has continued its impressive run, gaining over 80% year to date. This surge in value has sparked renewed optimism around the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a>, and as a result, the number of Bitcoin millionaires has doubled. Just halfway through April, over 50,000 new Bitcoin millionaires emerged.According to data compiled by <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a>, the number of Bitcoin millionaire addresses as of April 14 stood at 80,659, representing an increase of 52,575, or 187%, from the January 5 figure of 28,084 BTC millionaire holders.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/86bc9447e64041c49c6cb93970a87747.jpg" />Bitcoin millionaires. Source: BitInfoCharts.comAs per the data provided by BitInfoCharts.com, 74,912 different addresses have a Bitcoin balance valued at over $1 million. Additionally, 5,747 addresses hold BTC worth over $10 million.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, on January 5, 2023, about <a href="https://finbold.com/crypto-market-resurgence-produces-over-44000-new-bitcoin-millionaires/" rel="noopener noreferrer nofollow">24,279 addresses owned Bitcoin</a>, equivalent to at least $1 million, while 3,805 addresses accounted for BTC valued at over $10 million.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fd60f81a3e004cf59d621623688a6ffb.jpg" />Bitcoin millionaires January 5, 2023. Source: BitInfoCharts.com<h2 id="header-0">Bitcoin rally leads to new BTC millionaires</h2>The recent surge in Bitcoin price and the emergence of new millionaires can be attributed to the crypto market overcoming the bearish conditions of 2022, which were marked by high inflation and incidents such as the FTX collapse.Despite the <a href="https://finbold.com/guides/banking/" rel="noopener noreferrer nofollow">banking</a> crisis that unfolded in March and the uncertainty surrounding Binance, Bitcoin has continued to climb, recently reaching a peak of $31,000.This solid upward trend suggests that the crypto market is continuing to gain momentum, despite the challenges it has faced in the past.As investors seek to diversify their portfolios and capitalize on the potential of digital assets, Bitcoin remains a leading choice for those looking to ride the wave of this exciting and dynamic market.As things stand, Bitcoin is trading at $30,710 and has gained 1.6% in the last 24 hours and a further 10% across the previous week, with a total market capitalization of $594 billion, as per the data retrieved by Finbold on April 14.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/811f26e75d9c42f2b537276fb05e48fb.jpg" />Bitcoin 1-day price chart. Source: Finbold<a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">Crypto trading</a> analyst Michael van de Poppe <a href="https://twitter.com/CryptoMichNL/status/1646789366042198019" rel="noopener noreferrer nofollow">noted</a> in a tweet on April 14 investors should brace themselves for some shallow corrections as it looks to test key resistance points at $31,700 – $32,000.Meanwhile, the crypto community predicted that Bitcoin’s average price by the end of April would be $23,561 with <a href="https://finbold.com/crypto-community-with-83-historical-accuracy-sets-bitcoin-price-for-april-30-2023/" rel="noopener noreferrer nofollow">83% historical accuracy</a>. On the other hand, the machine learning algorithms forecasted a higher <a href="https://finbold.com/machine-learning-algorithm-sets-bitcoin-price-for-april-30-2023/" rel="noopener noreferrer nofollow">price of $30,697</a>, closer to its current price for the same date.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>.

Number of Bitcoin millionaires double in 2023 adding over 50,000

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