Bitcoin 'millionaires' increased 140% as BTC price crossed $20K — data

Bitcoin ‘millionaires’ increased 140% as BTC price crossed $20K — data

Bitcoin (BTC) millionaires are made when the BTC price crosses $20,000, data reveals.

According to on-chain analytics firm Glassnode, there are currently over 67,000 BTC wallets worth $1 million or more.

$20,000 makes 50-BTC hodlers happy

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Bitcoin is famous for its relationship with the $20,000 price tag.

Prominent since becoming the all-time high of Bitcoin’s previous halving cycle, $20,000 is more than just a technical and psychological line in the sand.

As Glassnode now shows, when BTC/USD crosses that price point, a large number of hodlers either gain or lose U.S. dollar millionaire status.

In late 2022, for example, when Bitcoin fell below $20,000 in the wake of the FTX scandal, “millionaire” wallet numbers plummeted like a stone overnight.

Fast forward to January this year and the opposite can be

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