{"id":558027,"date":"2023-03-01T13:00:53","date_gmt":"2023-03-01T10:00:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-millionaires-increased-140-as-btc-price-crossed-20k-data\/"},"modified":"2023-03-01T13:00:53","modified_gmt":"2023-03-01T10:00:53","slug":"bitcoin-millionaires-increased-140-as-btc-price-crossed-20k-data","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-millionaires-increased-140-as-btc-price-crossed-20k-data\/","title":{"rendered":"# Bitcoin &#8216;millionaires&#8217; increased 140% as BTC price crossed $20K \u2014 data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39e8aadd90b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39e8aadd90b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-millionaires-increased-140-as-btc-price-crossed-20k-data\/#%E2%80%9D_Bitcoin_%E2%80%98millionaires_increased_140_as_BTC_price_crossed_20K_%E2%80%94_data_%E2%80%9C\" >&#8221; Bitcoin &#8216;millionaires&#8217; increased 140% as BTC price crossed $20K \u2014 data &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-millionaires-increased-140-as-btc-price-crossed-20k-data\/#20000_makes_50-BTC_hodlers_happy\" >$20,000 makes 50-BTC hodlers happy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-millionaires-increased-140-as-btc-price-crossed-20k-data\/#Nearly_1_million_%E2%80%9Cwholecoiners%E2%80%9D\" >Nearly 1 million &#8220;wholecoiners&#8221;<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_%E2%80%98millionaires_increased_140_as_BTC_price_crossed_20K_%E2%80%94_data_%E2%80%9C\"><\/span>&#8221; Bitcoin &#8216;millionaires&#8217; increased 140% as BTC price crossed $20K \u2014 data &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Bitcoin (BTC) millionaires are made when the BTC price crosses $20,000, data reveals.<\/p>\n<p>According to on-chain analytics firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;category=&amp;m=addresses.Min1MUsdCount&amp;s=1608203952&amp;u=1677628800&amp;zoom=\">Glassnode<\/a>, there are currently over 67,000 BTC wallets worth $1 million or more.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"20000_makes_50-BTC_hodlers_happy\"><\/span>$20,000 makes 50-BTC hodlers happy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin is famous for its relationship with the $20,000 price tag.<\/p>\n<p>Prominent since becoming the all-time high of Bitcoin\u2019s previous halving cycle, $20,000 is more than just a technical and psychological line in the sand. <\/p>\n<p>As Glassnode now shows, when BTC\/USD crosses that price point, a large number of hodlers either gain or lose U.S. dollar millionaire status. <\/p>\n<p>In late 2022, for example, when Bitcoin fell below $20,000 in the wake of the FTX scandal, \u201cmillionaire\u201d wallet numbers plummeted like a stone overnight.<\/p>\n<p>Fast forward to January this year and the opposite can be observed \u2014 as soon as BTC\/USD reclaimed the $20,000 mark, those wallets re<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared en masse.<\/p>\n<p>On Jan. 13, with BTC\/USD at just under $20,000, there were around 27,000 wallets with a balance worth $1 million or more.<\/p>\n<p>On Jan. 14, by contrast, that wallet cohort had increased to 65,000, while price traded just $1,000 higher. Many wallets, it appears, contain exactly 50 BTC.<\/p>\n<p>For reference, at the time of Bitcoin\u2019s most recent all-time high in November 2021, wallets worth $1 million or more totaled almost 113,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/1e63a84c-b6a7-4752-8f4b-aec4fd598a52.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin wallets with balance worth $1 million or more chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Nearly_1_million_%E2%80%9Cwholecoiners%E2%80%9D\"><\/span>Nearly 1 million &#8220;wholecoiners&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, hodlers&#8217; fortunes have increased dramatically in the first months of 2023.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin exchanges now own 16% less BTC than the oldest hodlers<\/em><\/strong><\/p>\n<p>It is not only millionaires who have regained crucial financial buoyancy lost during the 2022 bear market \u2014 both long-term and short-term holders are knuckling down and even refusing to cash out.<\/p>\n<p>The number of so-called &#8220;wholecoiners&#8221; \u2014 wallets with a balance of at least 1 BTC \u2014 meanwhile continues to track towards the 1 million mark for the first time in Bitcoin&#8217;s history.<\/p>\n<p>As of Feb. 28, there are 982,726 such wallets, Glassnode shows.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/bca4a509-2960-4271-8b4b-ce5b9558bcd8.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin wallets with balance of 1 BTC or more chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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According to on-chain analytics firm Glassnode, there are currently over 67,000 BTC wallets worth $1 million or more. $20,000 makes 50-BTC hodlers happy Bitcoin is famous for its relationship&#8230;<\/p>\n","protected":false},"author":1,"featured_media":558028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/c10c0c1c-23fb-45b1-ab58-f3178c39f104.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-558027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=558027"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/558028"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=558027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=558027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=558027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}