The number of Bitcoin millionaires plummeted
The decline in the cryptocurrency market has not only wiped away nearly $1 trillion in market capitalization since the start of this year, but also affected the number of addresses holding over $1 million in value. Bitcoin above.
According to BitInfoCharts.com’s statistical data as of May 28, the number of addresses with a balance Bitcoin value more than 1 million USD is 77,936. About 5,856 addresses have an aggregate balance of about $10 million, the remaining 72,080 have a balance of $1 million or more each.
Using the Wayback Machine web archiver, the number of Bitcoin addresses worth more than $1 million has dropped quite a bit since the start of this year, up to 21.34% or 99,092 addresses recorded on January 5th. .
 |
| The number of millionaires created by Bitcoin is down more than 20% so far this year Reuters |
The number of Bitcoin millionaires continues to decrease
The number of Bitcoin millionaires has dropped significantly since the beginning of January 2022, but if we go further back to October 2021, when Bitcoin was at its peak, the drop is even more noticeable. Specifically, compare with 116,139 addresses declared as Bitcoin Millionaire on October 28 of last year, would see a drop of 32.89% in just seven months.
The combination of factors such as regulatory scrutiny, turbulent markets, geopolitical uncertainty and interest rate hikes is expected to continue to negatively impact the asset’s performance. However, some analysts still believe that the value of Bitcoin will continue to increase.
“For the case of Bitcoin, we have limited supply. Over 90% of Bitcoin is already in circulation and when you have a fixed supply with increasing demand, the price is trending up like we saw last year,” said Marion Laboure, senior analyst at Deutsche Bank Research, said.
According to updated data from CoinMarketCap on the morning of May 30, Bitcoin price is trading around 30,259 USD.
at Blogtuan.info – Source: thanhnien.vn – Read the original article here
