Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin’s New All-Time High Created Thousands of New Millionaires

Bitcoin’s New All-Time High Created Thousands of New Millionaires

CryptodnesCryptodnes2024/11/07 04:44
By:Cryptodnes

BItcoin's price recently surged to $75,000, following a rapid surge in the last 24 hours, which led to a drastic increase in the number of Bitcoin millionaires.

This uptick could be attributed to Donald Trump winning the presidential race in the U.S.

OOne month ago only 121,061 Bitcoin addresses held over $1 million, but by today, this figure had jumped to 132,842—an increase of 11,487 millionaire addresses.

Per the data , 121,126 addresses currently hold between $1 million and $9.99 million, and 11,716 surpass the $10 million mark. This is a notable jump from the 10,434 addresses with over $10 million recorded a month ago. This growth was primarily driven by Bitcoin’s strong price momentum during this past month, where the cryptocurrency bottomed out at around $63,500 and climbed to a new ATH .

READ MORE:
Bitcoin Poised for Parabolic Surge if This Level Holds, Says Crypto Expert

While some of this increase in millionaire addresses could suggest that crypto whales are cashing out, the 30-day increase in millionaire counts, at 9.73%, shows growing investor confidence.

It’s important to note that a single Bitcoin address doesn’t necessarily represent an individual; an address can belong to one person or multiple investors pooling funds.

Bitcoin’s surge may be partially fueled by Trump’s return, as he’s perceived as more supportive of cryptocurrencies, in contrast to Kamala Harris. This shift could boost optimism among crypto investors, especially with pro-Bitcoin figures like Robert F. Kennedy Jr. and Elon Musk also in the picture.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like