Bitcoin Addresses With At Least 1 BTC Nears A Million, BTC Steadies Above $28,000

0 6

The number of unique Bitcoin addresses holding at least 1 BTC, currently worth $28,181 as of writing on April 3, stands at 992,243.

Bitcoin Addresses With At Least 1 BTC Stand At Near 1 Million

According to Look Into Bitcoin data, the number of holders with at least 1 BTC has steadily increased. This could suggest that despite price volatility, the coin has been finding traction and being adopted by supporters, including entities and governments.

Bitcoin Wallet Sizes More Than 1 BTC Look Into Bitcoin

knife

Parallel data from BitInfoCharts reveals that of all the circulating supply, individuals with more than 1 BTC comprise less than 3% of all addresses. As an illustration, addresses holding between 100 and 1,000 BTC stood at 14,004, representing 0.03%. Only four addresses held between 100,000 and 1 million BTC. The tracker revealed that most BTC addresses had between 0.0001 and 0.001 BTC.

Bitcoin Rich List Address Distribution

Bitcoin whales were mostly exchanges, with one wallet associated with Binance, a cryptocurrency exchange holding 248,597 BTC. Another by Bitfinex, one of the earliest crypto exchanges, held 178,010 BTC.

In late October 2010, less than 60,000 unique addresses held 1 BTC. However, this has increased by almost 15X in the last 12 years, signaling acceptance. A noteworthy observation, in this case, is that the number of holders with at least 1 BTC has been steadily rising despite a sharp increment in price. 

Throughout 2020 and 2021, BTC holders kept accumulating, unfazed by rapidly increasing prices following governments’ intervention to mitigate the risks of the COVID-19 pandemic. 

In 2022, dropping prices catalyzed demand and accumulation for proponents during the last crypto winter. There was a noticeable increase in BTC addresses last year when prices tanked to as low as $15,000 in Q4 2022, triggered by the collapse of several CeFi platforms, like Voyager and Three Arrow Capital (3AC). 

The bankruptcy of crypto exchange FTX broke Bitcoin, forcing it to a 2022 low of around $15,000. Since that time, the cryptocurrency has bounced to its current levels.

Bitcoin Price On April 3| Source: BTCUSDT On Binance, TradingView

Network Resilience And BTC Adoption

Bitcoin is a public network enabling users to move value, even across borders, without needing a third party. All BTC transactions are bundled into a block, confirmed, and sent to a different address at any time. 

In this way, users can send funds fir a low fee without the intervention of a third party, such as a bank or money transfer agency. The Bitcoin network remains one of the most resilient, with an uptime close to 100%. The network has been continuously operating since launching in early 2009.

El Salvador became the first country to make BTC legal tender. Other countries, including the Central African Republic, also support the coin. The United States Securities and Exchange Commission (SEC), led by Gary Gensler, also recognizes Bitcoin as a commodity.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 67,265.02
ethereum
Ethereum (ETH) $ 3,519.83
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 596.55
solana
Solana (SOL) $ 174.38
staked-ether
Lido Staked Ether (STETH) $ 3,519.21
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.593096
dogecoin
Dogecoin (DOGE) $ 0.133354
the-open-network
Toncoin (TON) $ 7.29
cardano
Cardano (ADA) $ 0.437253
tron
TRON (TRX) $ 0.134991
avalanche-2
Avalanche (AVAX) $ 29.11
shiba-inu
Shiba Inu (SHIB) $ 0.000018
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,194.00
polkadot
Polkadot (DOT) $ 6.37
chainlink
Chainlink (LINK) $ 14.27
bitcoin-cash
Bitcoin Cash (BCH) $ 395.45
near
NEAR Protocol (NEAR) $ 6.33
uniswap
Uniswap (UNI) $ 8.02
litecoin
Litecoin (LTC) $ 73.30
dai
Dai (DAI) $ 1.00
leo-token
LEO Token (LEO) $ 5.70
wrapped-eeth
Wrapped eETH (WEETH) $ 3,670.81
pepe
Pepe (PEPE) $ 0.000012
matic-network
Polygon (MATIC) $ 0.543045
internet-computer
Internet Computer (ICP) $ 10.35
kaspa
Kaspa (KAS) $ 0.181838
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46
ethereum-classic
Ethereum Classic (ETC) $ 23.97
aptos
Aptos (APT) $ 7.41
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.105354
monero
Monero (XMR) $ 163.68
mantle
Mantle (MNT) $ 0.897413
blockstack
Stacks (STX) $ 1.92
render-token
Render (RNDR) $ 7.11
filecoin
Filecoin (FIL) $ 4.72
hedera-hashgraph
Hedera (HBAR) $ 0.07522
injective-protocol
Injective (INJ) $ 27.53
dogwifcoin
dogwifhat (WIF) $ 2.65
maker
Maker (MKR) $ 2,831.93
arbitrum
Arbitrum (ARB) $ 0.781877
okb
OKB (OKB) $ 43.09
cosmos
Cosmos Hub (ATOM) $ 6.52
immutable-x
Immutable (IMX) $ 1.65
crypto-com-chain
Cronos (CRO) $ 0.094059
vechain
VeChain (VET) $ 0.030789
bittensor
Bittensor (TAO) $ 340.57
arweave
Arweave (AR) $ 34.25
optimism
Optimism (OP) $ 1.92
bonk
Bonk (BONK) $ 0.000031
sui
Sui (SUI) $ 0.852289
the-graph
The Graph (GRT) $ 0.218389
first-digital-usd
First Digital USD (FDUSD) $ 1.00
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,565.97
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,933.12
floki
FLOKI (FLOKI) $ 0.000199
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,655.77
lido-dao
Lido DAO (LDO) $ 1.93
notcoin
Notcoin (NOT) $ 0.016253
thorchain
THORChain (RUNE) $ 4.87
theta-token
Theta Network (THETA) $ 1.64
bitget-token
Bitget Token (BGB) $ 1.14
ondo-finance
Ondo (ONDO) $ 1.09
aave
Aave (AAVE) $ 99.81
based-brett
Brett (BRETT) $ 0.149367
whitebit
WhiteBIT Coin (WBT) $ 10.15
fantom
Fantom (FTM) $ 0.524564
jasmycoin
JasmyCoin (JASMY) $ 0.030182
jupiter-exchange-solana
Jupiter (JUP) $ 1.04
pyth-network
Pyth Network (PYTH) $ 0.368777
algorand
Algorand (ALGO) $ 0.159047
celestia
Celestia (TIA) $ 6.54
coredaoorg
Core (CORE) $ 1.43
sei-network
Sei (SEI) $ 0.39906
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,508.33
mantra-dao
MANTRA (OM) $ 1.32
quant-network
Quant (QNT) $ 75.53
gatechain-token
Gate (GT) $ 7.85
flow
Flow (FLOW) $ 0.653397
elrond-erd-2
MultiversX (EGLD) $ 36.16
beam-2
Beam (BEAM) $ 0.019158
axie-infinity
Axie Infinity (AXS) $ 6.47
popcat
Popcat (POPCAT) $ 0.977924
gala
GALA (GALA) $ 0.025937
kucoin-shares
KuCoin (KCS) $ 9.92
bitcoin-sv
Bitcoin SV (BSV) $ 47.62
msol
Marinade Staked SOL (MSOL) $ 209.26
eos
EOS (EOS) $ 0.614469
tokenize-xchange
Tokenize Xchange (TKX) $ 11.17
flare-networks
Flare (FLR) $ 0.020208
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,580.84
bittorrent
BitTorrent (BTT) $ 0.00000090484243
dydx-chain
dYdX (DYDX) $ 1.44
ethereum-name-service
Ethereum Name Service (ENS) $ 26.62
ordinals
ORDI (ORDI) $ 41.24
akash-network
Akash Network (AKT) $ 3.59
neo
NEO (NEO) $ 12.02
ethena
Ethena (ENA) $ 0.489797