Bitcoin Ownership Statistics Resilient Despite Industry Challenges and Market Growth
Wednesday, 22 May 2024, 10:50
Bitcoin Ownership Statistics
The number of addresses holding at least $1 worth of BTC has surged, with as many as 84 million such addresses globally.
Market Growth
This figure represents approximately 1% of the global population, indicating a significant rise from previous years.
Drivers for Bitcoin Ownership
- Market Boom: The ongoing crypto market rally has attracted investors to hold Bitcoin.
- Bullish Forecasts: Positive outlooks after the BTC halving event have contributed to the rise in ownership.
- SEC Approval: The approval of Bitcoin ETFs has increased mainstream legitimization and investor interest.
Despite industry challenges, Bitcoin's resilience and market growth have made it an appealing investment option for traditional traders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.