The number of bitcoin millionaires increased by 273%

According to analysts, the rapid growth of bitcoin’s popularity is evidenced by the fact that the number of wallets holding more than $ 1 million in Cryptocurrencies has increased. According to BitInfoCharts, the number of bitcoin millionaires has increased by a record 237% this year.

It is noteworthy that this surge is not only due to individual investors — financial institutions are making a significant contribution to this area. The traditional financial sector, which was once skeptical of cryptocurrencies, now sees CTS as both a means of preserving value and a profitable investment.

Glassnode’s comparative data shows that the number of bitcoin addresses worth more than $ 1 million peaked in November 2021, during the height of the previous bull market. In particular, 112,573 addresses were registered on November 9, 2021, the day before the BTC reached its all-time high of $ 69,000 on November 10 of the same year.

This time, the growth in the number of bitcoin millionaires is due to an increase in the asset’s price to $ 37,000. This happened after BTC had been trading below the $ 30,000 threshold for most of the year.

Arthur Hayes, co-founder of BitMEX, believes that the cryptocurrency market has now entered a bullish phase. The expert predicted a jump in the price of BTC to $ 1 million, and the leading altcoin predicted growth to $ 100,000.