Bitcoin wallets (BTC) with a positive direction have crossed the 30 million mark for the first time, but less than 1% contain 10 BTCs.
According to the latest data from the monitoring resource, Bitinfocharts, a wallet balance of 10 BTCs, or about $91,000 at today’s prices, is enough to place the holder in 0.51% of the addresses.
Balances of 10-100 BTC represent 0.45% of the total, while wallets between 1-10 BTC contribute only 2.17%.
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While it must be assumed that individuals‘ holdings are often spread across multiple wallets, the figures imply that at current prices, USD 91,000 is enough to place the holder within the minority of large BTC holders.
Wallets with much larger balances (exchanges and a small number of Bitcoin whales) also influence the statistics. There are now just over 30.4 million addresses with a balance, compared to about 25 million at the same point in 2019.
As reported by Cointelegraph, wallets with certain balances have also reached new highs this year. Those containing at least 1 BTC were on target at 800,000 in March, indicating that, at best, only that many people controlled a full Bitcoin.
Don’t buy Bitcoin, says one investment manager as Lebanon chooses BTC over trust money
Since the collapse of the stock market, from which Bitcoin fully recovered in weeks, exchanges have indicated that a new influx of interest has driven growth.
Coinbase, for example, reported a series of Bitcoin purchases worth $1,200 at the time the U.S. government began dispersing stimulus checks. The second round of checks is already in progress.
Everywhere, the frustration with the fiat currency is leading to an increased desire to own Bitcoin. As reported earlier this week, Lebanese employees seem overwhelmingly in favor of winning at BTC, not the Lebanese pound or even the US dollar.