BitInfoCharts: 1 million Bitcoin addresses hold over $10,000 worth of Bitcoin

bitinfocharts-1-million-bitcoin-addresses-hold-over-10000-worth-of-bitcoin

According to BitInfoCharts, there are currently over a million wallets containing Bitcoin worth more than $ 10,000. This is based on Bitcoin’s recent bullish momentum. At press time, the total number of addresses containing more than $ 10,000 worth of Bitcoin was 1,095,150.

bitinfocharts-1-million-bitcoin-addresses-hold-over-10000-worth-of-bitcoin

Source: Bitinfocharts

BitInfoCharts’ data shows that 1 million Bitcoin addresses hold over $10,000 worth of BTC

It is important to note that these numbers do not necessarily mean that there are more than a million people holding Bitcoin worth more than $ 10,000, as an individual can own multiple Bitcoin addresses. But on the other hand, many Bitcoins are held in the largest addresses owned by many fund holders on exchanges.

However, this is a key figure for Bitcoin that has skyrocketed in value in recent months, largely due to the spike in Bitcoin price. During the last month, Bitcoin rose from $ 10,700 to its current $ 15,630 – a 46 percent increase.

The metrics show how many Bitcoin addresses exist in Bitcoin’s richest portfolio and show how well-known cryptocurrency’s distribution is over a more modest number of assets.

It is still the case that the vast majority of Bitcoin wallets – about 16 million, or 48% of all wallets – hold between 0 and 0.0001 Bitcoin. An additional 25% of Bitcoin holders are right on this portfolio, with 8 million wallets owning between 0.001 and 0.01 Bitcoin.

However, Bitcoin’s high net worth investors were here. Over the past 30 days, Grayscale Investments has received over 40,000 Bitcoins, worth more than $ 600 million, on behalf of its investors.

You can see the Bitcoin price here.

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The post BitInfoCharts: 1 million Bitcoin addresses hold over $10,000 worth of Bitcoin appeared first on AZCoin News.

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