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Bitcoin’s New ‘Millionaire’ Wallets Lag Despite BTC’s All-Time High: Research

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The number of new “millionaire” wallets for Bitcoin has risen to about 1,500 daily after the cryptocurrency’s price surged to $72,000 recently. However, this increase is modest compared to the daily creation of new millionaires during the previous bull market.

The current numbers are similar to July 2022, when Bitcoin dropped below $20,000. Kaiko explained that the slow growth could be due to new investments not being injected in “full force” and large Bitcoin whales cashing in some profits.

 

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