Bitcoin Addresses Holding 1 BTC Reach 1 Million

Table of Contents

Join our community

Estimated reading time: 0 minutes

Bitcoin Addresses Holding 1 BTC Reach 1 Million
On May 13, 2023, a milestone for Bitcoin has reached. More specifically the number of Bitcoin wallet addresses holding 1 BTC or more has surpassed 1 million, according to Glassnode. The increase in wallet addresses holding one Bitcoin is probably due to the fall in Bitcoin prices in the last year (- 65%) While the one million “wholecoiner” milestone is a new notch in the record books, it’s important to note that one Bitcoin wallet address doesn’t always represent a single person. A wallet address holding 1 BTC or more does not necessarily equate to the number of people holding 1 BTC or more.  Many crypto investors have multiple Bitcoin addresses, and some addresses belong to major institutions like cryptocurrency exchanges and investment firms that typically own large sums of Bitcoin. 

Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.

Are you ready to take your trading skills to the next level?

"Trade Like a PEPE" is the ultimate course that will transform you into a confident and profitable trader! 📈

🐸 Transform into a confident and profitable trader

📈 Master technical analysis, risk management, and market psychology to navigate the crypto markets like a pro.

🔍 Develop a proven trading plan and spot high-probability setups.

Safe your spot!