Digital Coin News

Current Bitcoin Bull Run Is Breeding Millionaire Whales Slower: Kaiko

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

According to data tracked by Kaiko, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. The number is significantly lower than the last bull run, which bred over 4,000 millionaire wallets per day and over 2,000 wallets with a $10 million balance per day.

According to data tracked by Kaiko, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily.The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The current Bitcoin bull run is breeding millionaire whales at a slower pace.

According to data tracked by Ko there are currently less than 2000 millionaires or wallets with $1 million worth of Bitcoin created daily significantly lower than the 2020 2021 bull run. The slower pace could indicate a few things according to Kio like new capital is yet to arrive in full force. Large whales are may taking profit as Bitcoin hits new highs and whales could be storing their holdings with custodians rather than in personal wallets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Rich Dad Poor Dad' Author Comments on Massive Bitcoin SurgeAcclaimed investor and Bitcoin supporter Kiyosaki issues bullish Bitcoin-vs.-US dollar statement
Source: Utoday_en - 🏆 295. / 63 Read more »

'Rich Dad Poor Dad' Author Reveals His Possible Actions Should Bitcoin CrashVocal Bitcoin advocate Kiyosaki reveals his favorite thing about Bitcoin should it crash
Source: Utoday_en - 🏆 295. / 63 Read more »

Crucial Bitcoin Message Sent by Michael Saylor to Community As BTC Tops $61,000Vocal Bitcoin evangelist has made an important Bitcoin call on the global cryptocurrency community
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin (BTC) Hits $81,000 in Energy Value, What It MeansBitcoin's energy value index puts Bitcoin's fair value at $81,000
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Spot ETFs Near $60 Billion in Net Assets Amid Heavy TradingSurge of inflows into Bitcoin spot ETFs showcases massive institutional interest in Bitcoin
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Price Nears ATH as Bitcoin Minetrix ICO Edges Towards $12MCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »