Bitcoin wallets (BTC) with a positive address have crossed 30 million for the first time – but less than 1% even contain 10 BTC.
According to the latest data from the monitoring resource Bitinfocharts, a portfolio balance of 10 BTC – or around $ 91,000 at today’s prices – is enough to place the holder in the top 0.51% of addresses.
97.3% of Bitcoin wallets hold less than 1 BTC
Balances of 10 to 100 BTC represent 0.45% of the total, while even portfolios between 1 to 10 BTC contribute only 2.17%.
While it should be assumed that the assets of individuals are often spread across multiple portfolios, the numbers imply that at current prices, $ 91,000 is enough to place the holder well among the minority of large BTC holders.
Portfolios with much larger balances – exchanges and a small number of Bitcoin whales – also influence the statistics. There are now just over 30.4 million addresses with a balance, up from around 25 million at the same time in 2019.
Total Bitcoin addresses with a balance. Source: Glassnode
Macroeconomic factors indicate greater uptake
As reported by Cointelegraph, portfolios with certain balances have also reached new heights this year. Those containing at least 1 BTC were up from 800,000 in March, which indicates that at best, only that number of people controlled an entire Bitcoin.
Since the stock market collapse, from which Bitcoin rebounded completely in a few weeks, the stock markets have signaled that a new surge of interest has fueled growth.
Coinbase, for example, reported a wave of $ 1,200 worth of Bitcoin purchases when the U.S. government began to disperse stimulus checks. The second series of checks is already underway.
Elsewhere, the frustration associated with fiat money leads to an increase in the desire to own Bitcoin. As reported earlier this week, Lebanese workers seem to be overwhelmingly in favor of gaining BTC, not the Lebanese pound or even the US dollar.