There are Less Bitcoin-Made Millionaires in 2022 Than the Previous Year

  • As a direct result of the downward pressure that has been witnessed in the cryptocurrency market, which has resulted in a loss of almost one trillion dollars in market cap since the beginning of the year, the number of Bitcoin addresses that hold one million dollars or more in value has also decreased.
  • Notably, the number of Bitcoin millionaires has decreased dramatically since the start of January, but if we take the date further back to October 2021, when Bitcoin was around its peak, the drop is more remarkable.
  • On October 28, 2021, when 116,139 addresses were declared Bitcoin millionaires it would indicate a 32.89% fall in seven months.