15 years, 90K ‘Bitcoinaires’ — Bitcoin millionaire wallets jump 300%

-

 15 years, 90K ‘Bitcoinaires’ — Bitcoin millionaire wallets jump 300%

Bitcoin  as it approaches its 16th year, may have created up to 100,000 millionaires in the United States. According to data, since the beginning of 2023, the number of wallets holding Bitcoin valued at least $1 million has increased by around 300%.


As Bitcoin becomes 15 years old, it is currently the ninth most valued asset globally. With a market capitalization of over $900 billion, Bitcoin was mined fifteen years after the genesis block.


For Bitcoin hodlers, the last year has been a renaissance, as the cryptocurrency rose 160% in US dollars after emerging from the depths of its longest-ever down market.


The on-chain analytics company Glassnode reports that there are currently over 91,000 Bitcoin "millionaires." While not quite at all-time highs recorded in November 2021, the total is nevertheless over four times larger than on January 3, 2023, when measured as unique addresses with a balance of at least $1 million.


“Let us not forget that #Bitcoin is the 9th most valuable asset in the world. In less than 15 years, it surpassed 7,963 other assets to accomplish this,” author Oliver Velez commented on Bitcoin’s metamorphosis.





 A supply crisis for Bitcoin could develop if more of the world's 60,000,000 dollar billionaires choose to increase their exposure, given its fixed, unchanging supply of 21 million units, many million of which are thought to be irretrievably lost.


A poll conducted in September 2023 by the investment migration consulting firm Henley & Partners suggests that an additional 40,500 individuals may have million-dollar assets kept in Bitcoin.


“We have seen a significant spike in enquiries from crypto millionaires over the past six months, who are all looking to build a viable ‘Plan B’ to protect themselves against any potential future bans on the trading or use of cryptocurrencies in their countries, and to allay the risks of aggressive fiscal policies that tax digital assets at source,” Henley & Partners CEO Juerg Steffen told private banking news service WealthBriefing at the time.

 

Henley added that as of September, there appeared to be just six Bitcoin billionaires.

Meanwhile, “wholecoiners” — those unique addresses containing at least 1 BTC — now number more than 1 million for the first time, Glassnode shows.



Comments

Post a Comment

Popular posts from this blog

Former Nigerian governor is dead

-
Image
  Former Nigerian governor is dead (PHOTO) A former military governor of old Ondo State, Major General Ekundayo Babakayode Opaleye (rtd), is dead. General Opaleye (rtd) died in Abeokuta, Ogun State capital, on Saturday morning of heart attack. He was military governor old Ondo State (before the creation of present-day Ekiti State) from August, 1986 to December, 1987, during the regime of Military President, General Ibrahim Badamosi Babangida. He took over from Admiral Mike Akhigbe of blessed memory before handing over to Commodore Olabode George. Until his death this Saturday, November 18, 2023, he was the Balogun Erunmu of Owu, Abeokuta, Ogun State.
Read more

Association Of Licensed Private Security Practitioners Of Nigeria (ALPSPN) Holds 3rd Annual Private Security Conference

-
Image
  Association Of Licensed Private Security Practitioners Of Nigeria (ALPSPN) Holds 3rd Annual Private Security Conference – Sanwo-Olu, Dr. Solomon Arase, Dr. Audi, Dr. Tunji-Ojo, Others To Grace Summit  Association of Licensed Private Security Practitioners of Nigeria – The umbrella body of all licensed private security companies in Nigeria – is hosting its 3rd Annual Private Security Conference (PSI) in Lagos Nigeria . The summit is a convergence of over 1,450 licensed private security companies in Nigeria including government security agencies, regulating ministries, security consultants, business leaders, decision-makers, and other stakeholders interested in security development The theme of the summit, “Redefining Security – The Role of Private Security in a Changing World,” underpins the need for collaboration amongst all stakeholders to have a safe and secure home, businesses, and country. Dr. Chris Adigwu The National President Association of Licensed Private Security Practition
Read more

Tinubu seeks support for varsities.

-
Image
  Tinubu seeks support for varsities. President Bola Tinubu has called on stakeholders to join hands with the government in assisting universities in the country. The President noted that the education sector should not be left in the hands of the government alone, saying all stakeholders must develop the sector. He made the call on Saturday, during his presidential address delivered at the 32nd Convocation of the Federal University of Technology, Akure, Ondo State. Represented by a visiting professor of the National Universities Commission, Prof King-David Yawe, the President said due to the capital-intensive nature of the university education, there was a need for joint efforts by the stakeholders, particularly in the area of research funding. He said, “We are all aware that university education is capital-intensive. For adequate funding, therefore, all stakeholders have a role to play. Suffice it to say that the government alone cannot do the funding. I, therefore, call on the organ
Read more