Bitcoin Millionaire Boom: Over 90,000 Wallets Now Worth $1M Or More As Apex Crypto Surges 150% In 2023
Portfolio Pulse from Mehab Qureshi
Bitcoin (BTC) has experienced a significant rally in 2023, breaking through the $40,000 resistance level and recording a 150% increase. The number of Bitcoin wallets valued at $1 million or more has risen to 90,366, a 221% jump since the beginning of the year. The surge in Bitcoin's value has been accompanied by expectations of regulatory approval for a Bitcoin spot ETF, which could attract institutional investors. Companies like BlackRock Inc., Grayscale Investments, ARK Invest, and 21 Shares have applied for the ETF.
December 25, 2023 | 7:00 pm
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Bitcoin has surged 150% in 2023, with over 90,000 wallets now worth $1M+. Speculation around a Bitcoin spot ETF could further drive its price.
The significant increase in Bitcoin's price and the number of millionaire wallets indicates strong market momentum, which is likely to continue in the short term, especially with the anticipation of a Bitcoin spot ETF that could attract more institutional investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100