Number of millionaires has risen parabolic with bitcoin’s rise
The price of Bitcoin rose to $ 23,800 this morning, making wallets holding Bitcoin worth $ 1 million parabolic.
According to glassnode, an incredible 150 percent increase in the number of addresses worth $ 1 million has exceeded 66,540… the company said that in the first years after the creation of Bitcoin, the first miners who provided computational power to the system in exchange for block rewards are now people with millionaire addresses.
Glassnode CTO Rafael Schultze-Kraft:
“All you had to do to become a millionaire today was to mine a single block of Bitcoin between 2009 and 2012. You had 210 thousand chances to do it”
Schultze-Kraft mentions here 210 thousand, indicating the total number of blocks of that period. Between these years, the miners were given 50 BTC as a reward
Why is Bitcoin rising?
Experts attribute the fact that Bitcoin exceeds the limits of 20 thousand first and then 21, 22 and 23 thousand, respectively, to large fund managers investing in BTC as a result of wanting to protect their money from inflation. The largest cryptocurrency is currently trading at around $ 22,600. That’s a 15 percent increase in the last 24 hours.…
Scott Minerd, CIO of Guggenheim Partners, a macro-free investment firm founded in 2000, told Bloomberg yesterday that BTC should be worth $ 400k. If Bitcoin rises to this value, the total market value of the number one cryptocurrency will also reach $ 7.2 trillion.