With the market recovering in 2024, the number of new bitcoin millionaires has been on the rise. Since the btc price hit a new all-time high this year, the number of bitcoin wallets with balances of at least $1 million has skyrocketed. That's why, in this report, we analyze how many new btc millionaires have been created and how much the number has grown compared to the previous year's figure.
bitcoin millionaires surpass 110,000
Data shows that more than 20,000 new bitcoin millionaires have been created by 2024 alone. According to bitcoin-addresses.html” rel=”nofollow noopener” target=”_blank”>Bit information graphicsAt the time of writing, there are now 110,388 bitcoin millionaires, up from 89,322 at the beginning of last year.
This means that a total of 21,066 new bitcoin millionaires have been created in 2024. This translates to an 18% increase between January and September, demonstrating the growing wealth of btc investors during this time. It has also followed the price trajectory of btc, which has also increased by almost 50% in a year.
The increase in the number of wallets containing coins of a certain value was not only recorded among millionaires. Other wallets from different groups have seen a noticeable increase. This ranges from btc wallets containing at least $100, which rose from 19.8 million to 21.6 million.
The next cohort are addresses holding at least $1,000, which rose from 8.9 million to 10.37 million. Addresses holding at least $10,000 saw one of the most significant jumps during this time period. The figure stood at 2.722 million at the start of the year. However, at the time of writing, there are already over 3.43 million bitcoin addresses holding btc worth at least $10,000.
Then, addresses holding at least $100,000 also grew from 451,129 at the beginning of the year to 621,934 addresses at the time of writing. Last but not least is the largest group, which are wallets holding at least $10 million. This increased from 7,414 addresses in January to 10,407 wallets today.
btc shows positive movements
The increase in the number of bitcoin wallets holding a certain amount over the past year is linked to the cryptocurrency’s performance during this time. bitcoin started the year at around $44,000 and even after falling from its all-time high of $73,000 to $63,000, it maintains an almost 50% increase in its price.
There has also been some optimism in some of its metrics, especially in regards to its daily trading volume. Data from CoinMarketCap bitcoin/” rel=”nofollow noopener” target=”_blank”>sample An increase of more than 6% in the last day alone, bringing its daily trading volume to over $27.75 billion. This suggests a growing interest in the cryptocurrency, which could lead to a further increase in the price.
If the btc price continues to rise, more bitcoin addresses are expected to enter a higher value pool. If the price hits a new all-time high this year, thousands of new bitcoin millionaires could also emerge.
Featured image created with Dall.E, chart from Tradingview.com
