DiutoCoinNews

Bitcoin, Cryptocurrency News in Nigeria And Africa

NEWS

More than 13,000 Bitcoin Addresses Hold Over $1 Million Worth of Bitcoin.

Share this:

Currently, there are over 13,000 Bitcoin (BTC) addresses worth over $1 million.

Data from Glassnode suggests that there are more than 13,000 Bitcoin (BTC) addresses holding BTC worth over $1 million.

With the data available on Glassnode, we can say that there are currently 13,000 Bitcoin millionaires, who hold about 107 Bitcoin worth over $1M at its current price.

Though the price of bitcoin to US Dollar may fluctuate their net worth at some point in time, some of these addresses at the highest low of Bitcoin this year may not worth $1 million in dollars.

Remember that there are over 1 million Bitcoin which were likely mined by Bitcoin creator, Satoshi Nakamoto. These BTC have not moved in over 10 years now.

Quick Facts About Bitcoin: Bitcoin was created in 2009 by an anonymous developer who goes by the name, Satoshi Nakamoto. Bitcoin has a limited supply of 21 million. It is currently the world’s largest cryptocurrency by market capitalization.

Bitcoin addresses that hold ≥ 100 BTC v. addresses that hold ≥ $1M worth of BTC. Source: Glassnode.

Do We Really Have 13,000 Bitcoin Millionaires.

Looking at these addresses we will come to understand that most of these addresses are owned by different cryptocurrency exchanges around the globe.

Read Also: The Number of BTC Whales Surges to Three-Year High

If we are to check or maybe count the number of wallet address belonging to exchanges, crypto service providers inclusive, among others.

We will come to understand that the number of the said Bitcoin Millionaires will vary. The number will always hang between 1 and 13,290 bitcoin addresses holding more than 107 BTC.

Remember that there are over 1 million Bitcoin which were likely mined by Bitcoin creator, Satoshi Nakamoto. These BTC have not moved in over 10 years now.

There is still no data as to which address belongs to exchange, crypto service providers and the ones belonging to individuals.

Though with the current crypto address monitoring service providers like Chainalysis, we might be able to obtain this data in the future.

Register On Binance

 

Copyright DiutoCoinNews

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from  DiutoCoinNews.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Diutocoinnews Admin. Send all publications to info@diutocoinnews.com.ng
0
Would love your thoughts, please comment.x
()
x