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Investors3

07/10/20 10:13 PM

#16220 RE: Investors3 #16175

There Are Over 13K Bitcoin Addresses Worth $1M

Over 13,000 Bitcoin addresses hold over $1 million worth of Bitcoin.

https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/82836767/there-are-over-13k-bitcoin-addresses-worth-1m

MICHAEL KAPILKOV
4 HOURS AGO

There Are Over 13K Bitcoin Addresses Worth $1M

https://cointelegraph.com/news/there-are-over-13k-bitcoin-addresses-worth-1m

Over 13,000 Bitcoin addresses hold over $1 million worth of Bitcoin.

There are over 13,000 Bitcoin (BTC) addresses that are worth at least $1 million, according to data from Glassnode.

107 BTC to become a millionaire

At the current prices, it takes about 107 BTC for an address to become a dollar millionaire. Since this metric is tied to the dollar price of Bitcoin, it tends to fluctuate a lot. For comparison, the number of addresses that contain at least 100 BTC has a much lower volatility.

Addresses rich in BTC

We can observe that the number of addresses with balances of over $1 million hit a record high during the 2017 bull run, while the other metric remained largely unaffected by it. This remains one of the few indicators in the Bitcoin world with a very low variance through the years.

Another possible reason is that some of these addresses are controlled by large entities like exchanges and custodians, who do not like to stray from a predetermined distribution of their Bitcoin. It should also be noted that there are over 1 million of Bitcoin which were likely mined by Bitcoin creator, Satoshi Nakamoto. These coins have not moved in over 10 years.

How many Bitcoin millionaires are there?

So how many Bitcoin millionaires are there? The reality is that we do not know. In order for us to answer this question, we would have to know how many individuals or entities control those 13,290 addresses. This number could theoretically lie anywhere between 1 and 13,290.

Although it is possible to apply data analysis heuristics to Bitcoin addresses and transactions to narrow down this number somewhat, no such complete data set is currently available.

Investors3

07/27/20 7:22 PM

#16329 RE: Investors3 #16175

Bitcoin Price Rallies 13% to Break Through $11,000
July 27 2020 - 11:04PM
Cointelegraph

https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/82934010/bitcoin-price-rallies-13-to-break-through-11-000

Bitcoin price rallied to $11,394 and surging volume suggests bulls have plans to press the price even higher.

https://cointelegraph.com/news/bitcoin-price-rallies-13-to-break-through-11-000

Bitcoin Price Rallies 13% to Break Through $11,000
RAY SALMOND
16 MINUTES AGO

Bitcoin price rallied to $11,394 and surging volume suggests bulls have plans to press the price even higher.

Within the last hour Bitcoin (BTC) price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394.

At the time of publishing the price has pulled back slightly to the $11,150 range but purchasing volume continues to rise on the 1-hour timeframe. This suggests that the top-ranked digital asset on CoinMarketCap may have another go at the daily high.

As reported earlier by Cointelegraph, on-chain activity registered a significant spike in exchange inflow as Bitcoin price rallied above $10,000 and Bloomberg analysts now estimate that Bitcoin price will rise above $12,000 this year.

Ether price (ETH) also surged above its previous high by rallying to $333.52 but at the time of writing the top altcoin has pulled back below $330.

According to CoinMarketCap, the overall cryptocurrency market cap now stands at $326.7 billion. Bitcoin’s dominance index currently at 63.1%.

Also, don’t miss our upcoming conference Cointelegraph Crypto Traders Live.

More than 30 star speakers including Raoul Pal, John Bollinger, Mike Novogratz, DataDash and Jon Najarian will gather on July 30th to discuss the challenges of crypto trading. Join the show for over 9 hours of crypto trading content!