Number of Millionaire Wallets Fall by 80% in a Year

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According to Glassnode, the number of crypto wallets that have accumulated least $1 million in BTC has decreased by 80% over the year.

The researchers have note that the market crash had an extremely negative impact on the profitability of holders of the largest digital currency.

At the beginning of November last year, the number of “millionaire wallets” reached 112,898, compared to the current 23,245 addresses.

A year ago, Bitcoin reached $69,000, after which its value started to fall. Investors exited the shares of the IT sector and the crypto sphere amid global uncertainty caused by economic and political factors.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.