Bitcoin Millionaires Fell by 70% in First Three Quarters of 2022
The summer 2022 crypto market crash was one the worst in the history of the industry. The markets lost over a trillion US Dollars in market capitalization . According to Finbold, in just the first three quarters of 2022, the number of Bitcoin (BTC) millionaires fell by 70.23%. The data showed that the number of BTC addresses with over $1 million in holdings reached a low of 29,497 as of September 28, 2022. According to data from BitInfoCharts.com, at the end of Q3 2022, 25,395 unique addresses had over $1 million worth of BTC. Meanwhile 4,102 additional addresses had a combined balance of at least $10 million. To put into perspective, at the beginning of Q1 2022, 99,092 Bitcoin (BTC) addresses held $1 million or more. On October 28, 2021, 116,139 Bitcoin addresses were verified as millionaires. Bitcoin rich list hit the hardest? After hitting an all-time high in November 2021, the value of Bitcoin (BTC) has been steadily decreasing. And with the value, so has ...