Editors Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: MICHAEL KAPILKOV, reprinted with authorization by Odaily.
Cointelegraph Chinese (ID: CointelegraphChina)
Cointelegraph Chinese (ID: CointelegraphChina)
According to Glassnode, more than 13,000 Bitcoin (BTC) addresses are worth at least $1 million.
Become a millionaire with 107 BTCGlassnode
At current prices, to become a millionaire, you need to hold about 107 BTC in an address. Since this metric is tied to Bitcoin’s USD price, it tends to be highly volatile. In contrast, the number of addresses containing at least 100 BTC is less volatile.
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Addresses holding large amounts of BTC
We can observe that the number of addresses with balances above $1 million hit an all-time high during the 2017 bull run, while other metrics were largely unaffected by it. Over the years, this remains one of the few indicators in the Bitcoin space that has changed very little.
Another possible reason is that some of these addresses are controlled by large entities, such as exchanges and custodians, who dont like to move bitcoins that have been distributed. It should also be noted that Bitcoin founder Satoshi Nakamoto may have mined more than one million bitcoins. These bitcoins have not moved in over 10 years.
