Cryptocurrency The market has witnessed tremendous growth in Bitcoin and cryptocurrencies since early 2021. During the year bitcoin cryptocurrencies, especially cryptocurrencies, greatly pleased investors.
However, cryptocurrencies, which could not make a good start to 2022, have been in a downward trend since November.
The Number of Bitcoin Millionaires Is Decreasing!
In general, the increase in volatility in the crypto market and its reflection as a decrease in the price of cryptocurrencies caused a decrease in Bitcoin millionaires.
According to the data obtained, as of January 26, 2022, the number of addresses with a Bitcoin balance of more than 1 million dollars was 87,953 in total.
While 7,008 of these addresses have a balance of approximately $10 million, each of the remaining 80,945 addresses has a balance of approximately $1 million.
On January 26, just 3 months ago, as of October 28, the total number of Bitcoin millionaire wallets was 116,139. While the number of Bitcoin wallets with a balance of 1 million was 105,820, the number of wallets with a balance of 10 million dollars was determined as 10,319.
Looking at the data obtained, the number of Bitcoin millionaires has decreased by 28,186 in the last 3 months, with a total decrease of 24.26%.
The reason why Bitcoin millionaires fell in a short time like 3 months is due to the decrease in the price of Bitcoin.
Because on October 28, the price of Bitcoin, while the price of Bitcoin was at $ 60,000, has decreased by about 27% and is now trading at $ 37,700.
*Not investment advice.