Number of Bitcoin Millionaires Has Fallen 76% in Just Eight Months | CoinMarketCap

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Thousands of Bitcoin millionaires have vanished since November 📉

According to BitInfoCharts.com, 108,866 addresses had a balance worth more than $1 million back on Nov. 12, 2021 — two days after BTC hit a record high of $68,789.63.Right now, just 25,601 addresses can count themselves as Bitcoin millionaires — a fall of 76.4%.

This figure stood at 10,587 last November, but fast forward to now, and it's plunged by 60% to 4,276.First, those "HODLing through adversity" have seen the cash value of their Bitcoin dwindle substantially during this bear market. Second, it's very possible that some disgruntled investors — who may have only started investing last year and were yet to experience a crypto winter — have decided to offload all of their BTC altogether.

 

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They're coming back - if only then hold on.

They'll come back

It’s normal.

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