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.
The post Bitcoin Addresses Holding 1 BTC Reach 1 Million appeared first on YourCryptoLibrary.
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