The number of bitcoin millionaires has reached a historical record

The number of bitcoin BTC $74,734.81 Bitcoin -0.71% Market capitalization $1.48 trillion VOL. 24 hours $5.24 billion holders with more than a million dollars in capital increased significantly in 2024, although the cryptocurrency is still trading below its previous peak of more than $ 73,000. According to BitInfoCharts, as of September 2024, there are 110,655 bitcoin addresses with a balance of more than $ 1 million, of which 10,434 have more than $ 10 million.

The growth of crypto millionaires' addresses has been 25% since the beginning of the year. As of January 4, there were 96,736 such addresses, and now their number has increased by 24,353. Crypto experts emphasize that it is actually difficult to determine the exact number of individual bitcoin owners, as one user can own several addresses.

Despite the significant increase in the price of bitcoin, which started the year at $ 42,280 and grew by 49%, many owners of the flagship cryptocurrency probably simply took advantage of the increase in the value of the asset. As of 2024, bitcoin remains stable at over $ 60,000, although there have been some corrections. Experts predict a possible price increase to a new all-time high of over $ 70,000.

Crypto analysts such as Ali Martinez note that bitcoin usually shows significant gains during halving years, and the current market reflects the cycles of 2016 and 2020, when the cryptocurrency grew by 61% and 171% in the fourth quarter, respectively. As October approaches, many market players are expecting a possible price spike in line with historical trends.