Over 100,000 wallets hold over $1 million in Bitcoin

Over 100,000 wallets hold over $1 million in Bitcoin

According to data compiled by Finbold, the number of Bitcoin millionaires currently sits at over 100,000. Out of 109,952 wallets that hold over $1 million worth of Bitcoin, about 9,200 addresses each have about $10 million.

Despite experiencing a major correction, Bitcoin has continued to attract a handful of big-money players.

A breakdown of Bitcoin’s wealth distribution reveals that over 15 million addresses hold a balance of $100, making it the largest group of Bitcoin holders. Another 6.5 million addresses have a balance of around $1,000 worth of Bitcoin. 2.2 million wallets hold around $10,000, and the number of addresses with Bitcoin worth $100,000 currently stands at 480,956.

Considering the wealth concentration of Bitcoin, one is left to wonder if the digital asset is truly in the hands of the masses or a select few. Assuming that addresses with $100 are mostly retail investors may not be far from the truth.

More institutions have continued to gobble the digital asset, fueling its rally to a new all-time high. However, after hitting an all-time high above $58,000 on February 21, Bitcoin fell sharply to around $45,000 48 hours later.

Check our guide of the most promising crypto

Read more

MatchAwards Platform Demonstrates Why the MAPU Token Value Reflects Platform Confidence Over Speculative Trading

MatchAwards Platform Demonstrates Why the MAPU Token Value Reflects Platform Confidence Over Speculative Trading

Advanced AI-Powered Economic Development Platform with 75,000+ Users Positions Utility Token as Business Confidence Indicator Fayetteville, NC – MatchAwards, the leading AI-powered platform connecting businesses with government contracts and economic opportunities, today announced insights into why the MAPU token’s value strategy differs fundamentally from speculative penny token trading approaches.

By John Williams
PowerTrade & PowerDEX Launches First-Ever Options on xStocks, Bringing 24/7 Tokenized Stock Derivatives to Crypto

PowerTrade & PowerDEX Launches First-Ever Options on xStocks, Bringing 24/7 Tokenized Stock Derivatives to Crypto

Bristol, UK– PowerTrade, the leading altcoin options exchange, together with its decentralized counterpart PowerDEX, today announced the upcoming launch of the world’s first options trading on tokenized stocks (“xStocks”). Launching next week, this first-of-its-kind offering will debut with options on TSLAx and HOODx – tokenized representations of Tesla, Inc. and

By John Williams