1,500 Bitcoin Millionaires Achieved Per Day Post All-Time Highs
Wednesday, 13 March 2024, 04:57
Bitcoin's Rise to Millionaire Wallets
Bitcoin's (BTC) current surge is creating around 1,500 new 'millionaire wallets' daily. These wallets contain vast sums of cryptocurrency, yet their owners remain undisclosed. The surge is partly attributed to the increasing excitement over US-based spot Bitcoin exchange-traded funds (ETFs).
Slowdown in Millionaire Wallet Growth
Despite the surge, the pace of millionaire wallet creation is slower compared to 2021's levels. Factors such as cautious whale investors, gradual capital inflow, and preference for custodial services impact this subdued growth.
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.