Bitcoin Wallets With More Than $1 Million

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Bitcoin has come a long way since its inception in 2009. With bitcoin’s market capitalization at just over $1 trillion, new on-chain data reveals that the number of millionaire members of the bitcoin rich list have ballooned.

But what is the “bitcoin rich list” and why should you care?

The bitcoin rich list refers to the list of bitcoin addresses that hold over $1 million worth of BTC. Since January 2021, over 100,000 wallets have met the qualification. Notably, the number swelled by 400% from just 25,000 millionaires five months ago.

However, the list is not as large as it is often portrayed to be. And it looks like the upside has a long way to go because of two simple facts.

First: There are approximately 46.8 million millionaires in the world holding at least $158.3 trillion of wealth — a number of fiat millionaires that clearly dwarfs the 100,000 bitcoin millionaire wallets.

In comparison, there are little more than 100,000 addresses with over $1 million worth of BTC and only 9,370 with over $10 million as of March 2021. 


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