Bitcoin

Glassnode: over 13,000 wallets store bitcoins worth more than $ 1 million

wallet store

Glassnode analyst firm reports that there are currently over 13,000 Bitcoin addresses storing coins worth more than $ 1 million.

At current prices, it takes about 107 BTC to become a dollar millionaire. Since this indicator depends on the bitcoin price in dollars, it is quite volatile, however, like the price of BTC itself. At the same time, the number of wallets storing more than 100 BTC remains stable.

110720_btc_1m_usd.jpg

The largest number of addresses storing bitcoins worth more than $ 1 million was recorded at the end of 2017, when the BTC rate reached $ 20,000. Analysts note that it is impossible to establish how many bitcoin millionaires actually exist. 

Some wallets with large reserves of BTC belong to cryptocurrency exchanges and companies. On the other hand, people who own large cryptocurrency reserves can split it into a large number of wallets.

Recall that, as Glassnode recently reported , on July 8, they removed 20,660 BTC from cryptocurrency exchanges than they contributed.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
Bitcoin

After Previous Negative Statements, Norwegian Billionaire Invests In Bitcoin

BitcoinCryptocurrencyEthereum

Bitcoin Recovers $56,000: ETH Recovers $1,700 (Observed Over The Weekend)

Bitcoin

Bitcoin Sets Fresh Record Above $50,000

BitcoinMining

BTC miners earned more than $ 4 million per hour amid growing fees and BTC rate

Sign up for our newsletter and stay informed

0 0 vote
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
USD
0
Would love your thoughts, please comment.x
()
x