In a significant event in the cryptocurrency market, the number of Bitcoin addresses holding more than one Bitcoin has surpassed one million. Currently, there are 1,010,777 such addresses, representing a notable achievement in the Bitcoin ecosystem.
IntoTheBlock, a blockchain analytics platform, highlighted this milestone with a chart showing the increasing trend of individuals and entities accumulating Bitcoin to reach the “wholecoin” status. The term “wholecoin” refers to those who own at least one Bitcoin, a status increasingly sought by investors.
The data shows a clear long-term trend: more and more people are aiming to become wholecoiners. This trend reflects broader adoption and growing confidence in Bitcoin as a store of value and investment asset. The increasing number of wholecoiners stands as a testament to the growing belief in Bitcoin’s potential for long-term growth and stability.
IntoTheBlock’s analysis indicates that this upward trend is not a short-term phenomenon but a sustainable movement. Over the years, as Bitcoin matures, the number of individuals owning at least one Bitcoin continues to rise.
Achieving over one million wholecoiners is particularly significant given Bitcoin’s limited supply. With only 21 million Bitcoins ever to be mined, holding even one Bitcoin becomes increasingly valuable as demand continues to rise. This scarcity factor also underscores the importance of the wholecoin milestone.
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Bitcoin has fallen by nearly 17% since reaching its all-time high of almost $74,000 in mid-March, due to growing optimism about U.S. exchange-traded funds (ETFs) directly holding the original cryptocurrency. At the time of writing, Bitcoin is up 0.04% over the past 24 hours, trading at $61,592. Changing expectations regarding U.S. interest rate cuts have led to decreased demand for riskier assets, adding to the market gloom.
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