According to Cointelegraph: As Bitcoin turns 15, it has reportedly created over 100,000 USD millionaires. Data indicates a nearly 300% increase in the number of Bitcoin wallets holding a value of at least $1 million compared to 2023.
With a market capitalization of around $900 billion, Bitcoin currently ranks as the ninth most valuable asset globally. The value surge has been particularly rewarding for Bitcoin hodlers, who witnessed the flagship cryptocurrency climb by 160% in USD terms from its longest-ever bear market.
On-chain analytics firm Glassnode reports that the number of Bitcoin "millionaires" (defined as unique addresses holding a balance of at least $1 million) has exceeded 91,000 - nearly quadruple the figure on January 3, 2023.
Considering Bitcoin's fixed supply of 21 million, historians suggest a potential supply squeeze if more of the world’s estimated 60 million dollar millionaires decide to increase their Bitcoin holdings.
Investment migration consultancy firm Henley & Partners has discovered that Bitcoin wealth represents a million dollars for potentially an additional 40,500 individuals. These burgeoning crypto millionaires seek a "Plan B" for their wealth in case of potential future bans on crypto trading or aggressive fiscal policies in their home countries.
Significantly, Glassnode data also shows that "wholecoiners"– those unique addresses containing at least 1 BTC, have crossed the 1 million milestone for the first time.
