Millionaire Bitcoin Addresses Go Parabolic…
A lot of people who have been involved in Bitcoin and mining since the early days are waking up these past two days to find they’ve become millionaires…nice if some of y’all fit that description but sadly, I’m not one of ’em….I’ve got a few zeros behind my hodling’s but not that many…!
Millionaire Bitcoin addresses go parabolic as BTC price crosses $20K
“Bitcoin’s (BTC) parabolic run has turned early miners into millionaires at a pace rarely seen before. Data from Glassnode shows that the number of Bitcoin addresses holding at least $1 million has skyrocketed to 66,540 this week — an increase of 150%.
The rise of millionaire wallets is attributable to early miners retaining their Bitcoin over the years, culminating with the asset’s latest surge above $20,000.
As Glassnode tweeted on Thursday:
‘$BTC crossing $20k has turned all early miner addresses (50 BTC block rewards, unspent or lost) into millionaire addresses.’”