"Bitcoin Millionaire Wallets Soar in 2023, Signal Potential Surge in Price"

The number of crypto wallet addresses holding more than $1 million worth of Bitcoin (BTC) has tripled in 2023, reaching over 81,000 addresses. However, these millionaire wallets are not necessarily owned by individual users, as many belong to crypto exchanges and financial institutions. Additionally, the number of "wholecoiners" (wallets with a balance of at least 1 BTC) has slightly increased since the beginning of the year. Bitcoin's price has been boosted by market enthusiasm for pending spot exchange-traded fund (ETF) products, with analysts predicting a 90% chance of approval by January 10. Despite the bullish sentiment, some analysts remain skeptical about a spot Bitcoin ETF approval leading to a significant trend reversal.