Bitcoin Advice from Binance CEO: Don’t Let the Number of Millionaires Cause FOMO!

When the number of Bitcoin (BTC) millionaires tripled this year, Changpeng Zhao (CZ), CEO of the cryptocurrency exchange Binance, made a statement: “Don’t be fooled.”

According to the news provided by Findbold, the number of Bitcoin millionaire wallets 2023 It tripled in 2019. BitInfoCharts data on January 1 23,795 Number of addresses with more than $1 million BTC in the last 11 months 237% with an increase to 81,925 revealed that it was rising. Following this data presented, Binance CEO C.Z. made a statement.

In his social media post, he told investors:don’t be fooled” CZ said, adding that these data are probably just on-chain data is based on told:

This is probably based solely on on-chain data. But please don’t FOMO. More than 60,000 Bitcoin millionaires emerge in 2023; There has been a 3-fold increase since January.

As CZ stated, this year the cryptocurrency market will increase approximately 60 thousand new Bitcoins He won the millionaire. The definition of Bitcoin millionaire represents investors who have at least $1 million worth of Bitcoin in their wallet. In addition 3,805 addresses least $10 million It is known that he owns worth of Bitcoin.

On the other hand, some of these wallets institutional to investors Since they all belong to each other, we should not consider them all as individual wallets.

Number of Bitcoin millionaire wallets in November 2021 Bitcoin in the last bull market for $69,000 one day before it arrives 9 November 2021‘also A record reaching 112,573 addresses he had broken it.


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