Bitcoin continues to make impressive gains as we enter the second quarter of 2023, surging more than 80% from the beginning of the year until now. This increase in value has sparked new optimism about cryptocurrency, resulting in a doubling of the number of Bitcoin millionaires. As of April 16th, over 50,000 new Bitcoin millionaires have emerged, with a total of 80,659 millionaire addresses recorded.
According to data provided by BitInfoCharts.com, 74,550 different addresses currently hold a balance of Bitcoin worth more than $1 million. Additionally, 5,708 addresses hold BTC worth more than $10 million.
Using the Wayback Machine web archive, on January 5th, 2023, there were about 24,279 addresses owning Bitcoin equivalent to at least $1 million, while 3,805 addresses owned BTC worth more than $10 million.
The recent surge in Bitcoin’s price, which has reached an all-time high of $31,000, is likely the reason for the appearance of many new Bitcoin millionaires. Despite the banking crisis that occurred in March and negative news surrounding Binance, people are still turning to Bitcoin as their top investment choice.
As investors look for ways to diversify their portfolio, Bitcoin continues to be a top option for many, offering a sense of stability and potential for significant returns. This increase in the number of Bitcoin millionaires highlights the growing interest and confidence in cryptocurrency as a viable investment option.
Source: https://azcoinnews.com/the-number-of-bitcoin-millionaires-doubles-in-2023.html
It's a good number, But we cannot rely on Bitcoin addresses since there are a lot of Bitcoin addresses that have never been moved or could easily be dead bitcoin. But it's a good thing that the number is increasing since it usually means that there are a lot of people that are investing in cryptocurrency, but that could also mean that there could be a lot of movement in the market. The price of Bitcoin does not even reach a time high yet but we already have an increasing number of investors, it's already a good indicator.
A lot of investors are already accumulating Bitcoin, so there might be a lot of opportunity for profit in the future, so its better to accumulate more bitcoin while the Bitcoin market price is still not reaching ATH.