The number of cryptocurrency millionaires increased by 246% in 2023

Cryptocurrency experts note that the market leader has had a fairly successful year. While in January the price of bitcoin did not exceed $ 17,000, in December the asset steadily consolidated above $ 40,000. The steady growth of the main cryptocurrency allowed its holders to receive tangible financial benefits over the past year, as the coin rose by more than 150%. Finbold analysts decided to evaluate the dynamics of BTC in more detail.

The experts concluded that over the past 12 months, about 70,000 bitcoin holders have become millionaires. Currently, there are more than 97,300 users whose BTC assets are estimated at more than $ 1 million. That is, the number of crypto millionaires has increased by more than 246.5% this year. It is noteworthy that 7462 users have assets worth more than $ 10 million each.

As for network indicators, the last month of the year saw an influx of bitcoin coins to centralized platforms. From a technical perspective, this may indicate a potential correction in the market as the supply of BTC increases. However, there are currently no fundamental prerequisites for a downtrend.

It is noteworthy that over the past 9 years, the flagship of the crypto market has grown by more than 13,400%. For example, in 2014, it was trading just above $ 318. In 2021, the coin reached the All Time High mark, which was located near the $ 69,000 area. The vast majority of industry experts assume that bitcoin will set a new price record next year.

This will be largely facilitated by the emergence of spot crypto ETFs, as well as halving, which is expected in April 2024. The halving of miners' remuneration is considered to be a very important factor — it is the basis of bitcoin’s deflationary nature, which is why it is valued by investors.