More than 1 million wallets with USD 10 000 from Bitcoin
There are now more than 1 million bitcoin wallet addresses with more than USD 10 000 bitcoin, according to data from BitInfoCharts. To be more precise, at the time of writing, 1,085,113 wallets are involved.
More than 1 million investors?
Does this mean that there are more than 1 million individual investors holding bitcoin? That is not necessary. Someone can have more than one wallet address. You can only gamble on the number of bitcoin investors.
On the other hand, one wallet address can also guarantee multiple investors. The largest wallet, for example, is that of the Huobi exchange. This exchange has 141,452 bitcoins on one wallet address. The separate owners of these coins are kept in the internal administration of Huobi.
Anyway you can see this figure as a milestone for Bitcoin Evolution. The exchange rate of bitcoin has risen in the past month from 10,700 dollars to the current value of 15,630 dollars, an increase of no less than 46 percent.
Distribution of wealth
BitInfoCharts‘ figures also show how the wealth is distributed across all bitcoin addresses. The majority of bitcoin addresses, about 16 million addresses, hold between 0 and 0,0001 coins. About a quarter of all addresses, about 8 million addresses, hold between 0.001 and 0.01 bitcoin. If you have more than 1 bitcoin, you are among the richest 2.5 percent.
The supply of bitcoin dries up
Speaking of rich people, bitcoin has been particularly popular with large listed companies in recent months. For example, MicroStrategy bought bitcoin for a total of USD 425 million. Square bought USD 50 million of bitcoin not long after that. Speaking of Square, in the third quarter this app sold more bitcoins than came onto the market through mining. And Square has long been the only company selling bitcoin. Grayscale also buys bitcoin at a fast pace, the investment fund now has more than 2% of the total supply of bitcoin.
According to investor and analyst Charles Edwards, that can only mean one thing: expect huge price movements for bitcoin.