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Bitcoin 'Millionaires' Decrease in Bear Market Year

Tris Bell

Summary: The number of bitcoin millionaires have fallen by 80% in the past year, according to reports by Cointelegraph. There are now only 23,245 wallets with more than $1 million bitcoins, whereas that number had been 112,898 last November, according to data from blockchain analytics firm Glassnode. This has been partly attributed to the selling of ...

The number of bitcoin millionaires have fallen by 80% in the past year, according to reports by Cointelegraph.

There are now only 23,245 wallets with more than $1 million bitcoins, whereas that number had been 112,898 last November, according to data from blockchain analytics firm Glassnode. This has been partly attributed to the selling of bitcoins throughout the bearish year.

BTC/USD has seen a maximum decline of 77% this month, data from Cointelegraph Markets Pro and TradingView shows.

Author: Tris Bell

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