Bitcoin’s (BTC) latest price dip to below $18,500 pushed more investors to stack up on their assets, some of them for the first time, driving its monthly trading volume above $1.1trn last month. However, the number of Bitcoin investors has been rising throughout this year, despite the crypto market struggling as a whole.
According to data presented by Crypto Presales, the number of unique addresses holding more than 0.1 BTC has soared to an all-time high of 3.8 million in October.
The Number of Investors Holding More than 0.1 Bitcoin Jumped by Nearly 600,000 YoY
Many bullish on Bitcoin are awaiting periods of price slumps to increase their portfolios, which is just what happened this year. According to data from the crypto analytics platform, Glassnode, the number of wallets holding more than 0.1 BTC has steadily increased since 2017, when the bull run reached its peak, with new records consistently being set over the past three years.
Between January 2019 and December 2020, the number of investors with more than 0.1 BTC jumped by 25%, rising from 2.53 million to 3.14 million. By the end of 2021, there were 3.3 million wallets with more than 0.1BTC.
In March, the number of unique Bitcoin addresses holding at least 0.1 coins, or just over $2,000 as of last week, reached 3.39 million and continued rising. Statistics show that in June, the number of investors with 0.1BTC reached 3.59 million, or 13% more than in the same month a year ago.
Since then, another 240,000 addresses joined the list, with the total number of investors with 0.1BTC soaring to 3.83 million as of last week, almost a 600,000 increase year-over-year.
More than 900,000 Wallets with one BTC
The Glassnode data showed that the number of unique wallets holding more than one BTC also increased this year, rising from 827,100 in January to over 905,000 in October.
Statistics show there are now 150,700 investors with more than 10 BTC, or around $202,000, down from 153,000 in January.
Another 15,880 hold an impressive 100 BTC in their portfolio, almost the same as in January, while only 101 investors have a staggering 10,000 BTC in their wallets.
