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Millionaire Wallets

All articles tagged with #millionaire wallets

cryptocurrency1 year ago•1 min saved

"Bitcoin's Soaring Rally: Creating 1,500 Millionaires Daily and Surpassing $1.4T Market Cap"

Bitcoin's current rally is creating around 1,500 new "millionaire wallets" daily, indicating a significant shift in wealth within the cryptocurrency ecosystem. While the rise of BTC is fueled by excitement over US-based spot Bitcoin exchange-traded funds, the pace of creation of millionaire wallets is slower than in 2021's bull market. Factors contributing to this include a gradual inflow of fresh capital, cautious approach by large investors, and the preference for custodial services over personal wallets. Mainstream attention and endorsements from celebrities like Drake and investments by firms like MicroStrategy are also contributing to the growing interest in cryptocurrency.

via BeInCrypto|

#bitcoin #crypto-investments #cryptocurrency

cryptocurrency1 year ago•2 min saved

"Bitcoin Rally Generates 1,500 New Millionaire Wallets Daily, Signals Potential Correction"

Bitcoin's latest rally to all-time highs is driving an increase in the number of wallets surpassing the million-dollar mark, with over 1,500 wallets hitting this milestone daily, according to Kaiko Research. This surge in value suggests that bitcoin is establishing itself as a mainstream investment, with experts praising its resilience following the 2022 peak-and-crash. While the current rally isn't boosting wallet values as significantly as in 2022, rising institutional engagement and a high percentage of dormant accounts indicate a strong investor interest in holding the cryptocurrency for the long term.

via Markets Insider|

#bitcoin #bull-market #crypto

cryptocurrency2 years ago•1 min saved

"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.

via Cointelegraph|

#bitcoin #crypto-exchanges #cryptocurrency