Bitcoin millionaires exploded in 2024
The start of 2025 is off to a bad start for Bitcoin as large liquidations are still planned. The return of the bearish trend, however short-lived, forces traders and analysts to remember the year 2024 with nostalgia.
The last few months have been incredibly successful and have made the fortunes of many. According to a recent report from Finbold, 154 new Bitcoin millionaires emerged every day, a total of 56,325 individuals. BTC addresses holding $1 million worth of tokens or more are also estimated to increase by 58% over the course of 2024 thanks to the market explosion.
But be careful, this result is a long-term effort for some and an investment for others. While those who had a lot of money invested or increased their portfolio over the very long term, the smallest holders advanced much more slowly. Addresses holding at least $1 worth of Bitcoin only moved 12%.
Despite this, the little orange coin continues to confirm its popularity and dominance in the market. According to data shared by Kaiko, the BTC/USD pair accounted for 49% of dollar trading last year.
Even more in 2025?
The largest holders of Bitcoin are multiplying but if the great parabolic bull run actually occurs in 2025, imagine all the millionaires who will emerge! This, all the more so, as institutions and governments are considering purchases likely to propel prices even higher.
After the buzz about the Bitcoin reserve, some American states are considering looking further afield. This is particularly the case of Dusty Deevers, a senator from Oklahoma, Dusty Deevers, who has just tabled a proposal aimed at legalizing crypto for payment for goods and services.
More precisely, it wants to allow everyone to pay in Bitcoin on their territory in order to free themselves from FED rules and to be less subject to American inflation. Time will tell us if the request will have been accepted and especially if other States will wish to follow suit.
The moral of the story: fortune favors not only the bold but also those who are already Bitcoin millionaires.
Disclaimer
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