Ethereum

2024

Bitcoin

when

<div class="finbold">
 <p class="paragraph">The powerful surge that propelled Bitcoin (BTC) above the $73,000 mark and set new all-time highs has sent shockwaves through the cryptocurrency world. Bullish sentiment is driving gains, particularly for long-term holders.</p>
 <p class="paragraph">A surge of 64% since the start of 2024 has turned numerous holders of the leading cryptocurrency into <a rel="noopener noreferrer nofollow" title="millionaire" href="https://thebittimes.com/tag/millionaire.html">millionaire</a>s, with approximately 1,500 new <a rel="noopener noreferrer nofollow" title="millionaire" href="https://thebittimes.com/tag/millionaire.html">millionaire</a> wallets being created <a rel="noopener noreferrer nofollow" title="daily" href="https://thebittimes.com/tag/daily.html">daily</a>, as crypto analytics firm <em>Kaiko Research</em> reported on March 11.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Where are the #BTC millionaires?<br><br>The number of new millionaire wallets has remained below 2k per day, compared with 4k new wallets daily during the last bull run. pic.twitter.com/Ndc2gcXiXJ</p>— Kaiko (@KaikoData) March 12, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">However, the current daily rate of millionaires created is less than half the 4,000 per day rate seen during the 2021 bull run.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Ethereum Dencun upgrade goes live; Can ETH hit $5k? <span class="self-center text-xs text-slate-500">35 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Major short squeeze incoming for MicroStrategy stock <span class="self-center text-xs text-slate-500">36 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Everyrealm unveils Everyworld, a blockchain discovery and rewarded ads protocol&nbsp; <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Top 3 altcoins for 10X returns in 2024 <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-how-many-bitcoin-<a rel=" dofollow title="millionaire" href="https://thebittimes.com/tag/millionaire.html" rel="noopener noreferrer nofollow">millionaires-are-there"&gt;How many Bitcoin <a rel="noopener noreferrer nofollow" title="millionaire" href="https://thebittimes.com/tag/millionaire.html">millionaire</a>s are there?</h2>
 <p class="paragraph">The rise in Bitcoin’s price has exponentially increased the number of <a rel="noopener noreferrer nofollow" title="millionaire" href="https://thebittimes.com/tag/millionaire.html">millionaire</a>s holding the original cryptocurrency, which is evident when comparing the numbers from now to a few months ago.</p>
 <p class="paragraph">As of March 13, data shows that the total number of addresses holding a value of at least $1 million reached 120,473. Among these addresses, 11,379 hold Bitcoin worth at least $10 million.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="743" height="458" src="https://cdn.thebittimes.com/images/2024/03/13/02c94dcc9bfbe47f00ecdb2b2dbed946.webp" alt="Bitcoin wallet holdings amount. Source: bitinfocharts
" class="wp-image-160919" srcset="https://cdn.thebittimes.com/images/2024/03/13/02c94dcc9bfbe47f00ecdb2b2dbed946.webp 743w, https://cdn.thebittimes.com/images/2024/03/13/02c94dcc9bfbe47f00ecdb2b2dbed946.webp 300w" sizes="(max-width: 743px) 100vw, 743px">
  <figcaption class="wp-element-caption">
   Bitcoin wallet holdings amount. Source: bitinfocharts
  </figcaption>
 </figure>
 <p class="paragraph">Compared to the previous data obtained by Finbold on December 25, these numbers stood at 97,280 addresses holding at least $1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of BTC, and 7,450 possessed at least $10 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of the cryptocurrency.&nbsp;</p>
 <p class="paragraph">This indicates that the number of millionaires has grown by 27,122 new addresses, or 25.89%, over the past three months.</p>
 <p class="paragraph">It’s important to acknowledge that it is difficult to pinpoint the exact number of individuals who possess over $1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> in Bitcoin. Although data on the number of Bitcoin accounts and their balances is publicly accessible, ownership specifics remain undisclosed. Multiple accounts could belong to the same individual; conversely, numerous people might jointly hold one account.</p>
 <h2 class="wp-block-heading" id="bitcoin-price-chart">Bitcoin price chart</h2>
 <p class="paragraph">As of the current writing, the BTC price is $72,527, marking a 0.25% increase over the past 24 hours. This contributes to a 9.71% growth over the past seven days, further bolstering an impressive increase of 47.45% over the past month.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="539" height="440" src="https://cdn.thebittimes.com/images/2024/03/13/f631628694e9915b537f11cab85e9f21.webp" alt="BTC 24-hour price chart. Source: Finbold" class="wp-image-160920" srcset="https://cdn.thebittimes.com/images/2024/03/13/f631628694e9915b537f11cab85e9f21.webp 539w, https://cdn.thebittimes.com/images/2024/03/13/f631628694e9915b537f11cab85e9f21.webp 300w" sizes="(max-width: 539px) 100vw, 539px">
  <figcaption class="wp-element-caption">
   BTC 24-hour price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">The gains appear set to persist as Bitcoin defies expectations and garners increasing support from both individuals and institutions. This has led analysts to reconsider their targets and predict even further growth.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><strong><em>:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/here-s-how-many-millionaires-bitcoin-creates-daily-tbt82452.html">https://thebittimes.com/here-s-how-many-millionaires-bitcoin-creates-daily-tbt82452.html</a></p>

Here’s how many millionaires Bitcoin creates daily

Table of Contents

TheBitTimes

Other articles published on Mar 13, 2024

AEGIS token surges 92% on upcoming AI tool launches and market optimism

Brace for ‘hot April’ and XRP at $0.77; Here’s why

Trending AI Altcoins With Real Utility for Shaping the Future

Top 5 Promising Web3 Projects to Discover in 2024

Bithumb launches point-based ‘Benefit Zone’ to attract more crypto investors

Crypto Exchange OKX Granted In-Principle Approval To Offer Services In Singapore

Join our free newsletter for daily crypto updates!