Do you know how many Bitcoin millionaires there are? The number of BTC millionaires shows something important. The distribution of wealth in the cryptocurrency market is more equitable. Now let’s look at the data.
Do you know how many Bitcoin millionaires there are?
Bitcoin went from a few cents in its short life to $20,000 in 2017. Of course, it’s no surprise that he has made many rich in this relatively short period of time.. But answering the question of exactly how many Bitcoin millionaires are is a difficult task.
In its simplest form, we can consider anyone with $1 million worth of Bitcoin as a BTC millionaire.. We can first look at their Bitcoin addresses to see how many are such millionaires.. Anyone holding 97 BTC at the current price of $10,310 (September 11, 2020) can be considered a Bitcoin millionaire.
However, the number of BTC millionaires can change frequently. We know that BTC has had high volatility in recent months.. Bitcoin, which said hello to 2020 with a fast start, went up to 10,500 dollars in February.. In March, it collapsed to about $4,000.. In July, it recorded the new high of 2020 at $12,400.
This means that. The ups and downs of the BTC price also affect the number of BTC millionaires.
Related – Current Bitcoin (BTC) Technical Analysis: BTC dollar parity and live price chart
A There are also some addresses that can be shared or multi-signed addresses.. Also, a person can have more than one million dollar BTC address.. This complicates the question of how many Bitcoin millionaires there are.
However, someone with around 97 BTC at their address is either a Bitcoin millionaire or a company with $1 million in user funds.
According to BitInfoCharts data There is currently $1 million worth of BTC or more at 17,005 addresses.. Of course, this is an estimate.. Because a person can have more than one $1 million BTC address. Or, some addresses are being used as joint accounts.
Related – If Bitcoin doesn’t get a reaction at this level, goodbye to the bulls!
In addition, over $100,000 at around 158,545 addresses there is bitcoin. And 869,463 addresses hold $10,000 worth of BTC. BitInfoCharts monitors about 16 million addresses in total, of which only 0.11 percent can be considered BTC millionaires at current price.
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