Over 1 Million Bitcoin Addresses Hold 1 BTC or More, Reflecting Strong Adoption

Over 1 Million Bitcoin Addresses Hold 1 BTC or More, Reflecting Strong Adoption
фото показано с : bitcoinmagazine.com

2024-8-13 19:09

According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more. 

This represents more than 1 million BTC potentially taken off the market and held by strong hands, a significant portion of the 21 million BTC that will ever exist. Demand continues to rise as U.S. spot Bitcoin ETFs collectively hold over 901,000 BTC, while MicroStrategy, a major corporate Bitcoin holder, owns 226,500 BTC. Additionally, MicroStrategy plans to raise $2 billion to buy more Bitcoin, further emphasizing the trend of institutions buying and holding substantial amounts of BTC, tightening the available supply as demand increases.

The number of Bitcoin addresses holding 1 BTC or more has historically lagged behind BTC's price. However, in the past two years, this trend has reversed, with the number of these addresses increasing more rapidly than Bitcoin's price. This shift signals growing adoption and reflects rising long-term confidence in Bitcoin, as more users accumulate and hold significant amounts of Bitcoin.

The rise in addresses with 1 BTC or more signifies that both retail and institutional investors are actively accumulating Bitcoin. With only 21 million BTC ever to be mined, and approximately 19 million already in circulation, the demand for Bitcoin appears to be increasing as users aim to secure their share of the limited supply.

For more detailed information, insights, and to sign up to access Bitcoin Magazine Pro's data and analytics, visit the official website here.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 79410.1 (-1.15%)
Объем 24H $73.403b
Изменеия 24h: 4.00 %, 7d: 15.51 %
Cегодня L: $76276.76 - H: $81007.58
Капитализация $1570.769b Rank 1
Цена в час новости $ 61215.71 (29.72%)

bitcoin btc adoption hold million addresses accelerating

Источник: bitcoinmagazine.com

bitcoin btc → Результатов: 126


Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00


Фото:

This Country Quietly Mined Over 13,000 BTC, Overtaking El Salvador’s Bitcoin Reserves

In a surprising development, Bhutan has significantly increased its Bitcoin holdings, surpassing El Salvador and establishing itself as a major player in the cryptocurrency world. According to data shared by crypto analytics firm Arkham Intelligence on Monday, the Himalayan kingdom now holds just over 13,000 BTC, valued at approximately $780 million. In addition to Bitcoin, […]

2024-9-18 22:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

145% growth for Filecoin? 2 factors supporting FIL's upside

Filecoin’s resilience with its two-year support level highlights its potential for a significant breakout. Analyst predictions suggest major gains for Filecoin, with targets up to $30. HolThe post 145% growth for Filecoin? 2 factors supporting FIL's upside appeared first on AMBCrypto.

Ethereum's epic comeback? Top reasons why ETH can beat Bitcoin

Ethereum is establishing itself as a unique asset, carving out its own identity. Several factors are contributing to this development. Two years ago, the crypto market was rocked by the collThe post Ethereum's epic comeback? Top reasons why ETH can beat Bitcoin appeared first on AMBCrypto.

ICP's road to $20 depends on altcoin hitting THESE milestones

ICP formed a bullish pennant pattern, with the critical resistance level at $10.90 Steady social volume and bullish liquidation trends underlined growing interest and positive sentiment in ICP The post ICP's road to $20 depends on altcoin hitting THESE milestones appeared first on AMBCrypto.

Ethereum breaks $3,000: Can ETH hold support at THIS level

Ethereum broke the $3,000 price level recently. Over 2.8 million addresses bought ETH at the current price level, making it a key level. While Bitcoin[BTC] captured headlines with its all-tiThe post Ethereum breaks $3,000: Can ETH hold support at THIS level appeared first on AMBCrypto.