The last past weeks have been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of address holding atleast 1 BTC are now 1 million.
That's good news then, because mass adoption will help BTC to set a new ATH above $100k, As last time Elon sold most of his BTC holding when it crosses $60k. If 1 million people holds one btc means there are i million BTC are in holding and if all of them are newbies and reason behind holding these BTC are halving and selling them such as Elon has did then i it will effect the price but i do know this is not that much supply to effect it but, at least if all of those 1 million holders have a mind set to sell there BTC above $100k then i think BTC will succeed to go above it.
It doesn't matter to me how many of those belong to one owner.
i think there is no bad in holding these tokens because this will decrease the circulation supply and demand is increasing too, so it is a good factor in halving of BTC to cross $100k. All i afraid, what if those newbies fall prey to market sentiments or greed and sold there holdings too soon even before starting of bullish cycle. Well, its there money they could do anything with it.