Data from Glassnode reveals that wallets with at least $1 million worth of BTC have increased by over 140% to reach 66,540.
The surge of bitcoin millionaires was traced to early miners that have held their bitcoin for many years alongside the Bitcoin pump in the past few hours.
Major Updates
- Bitcoin millionaires surge by over 145% in 24 hours
- Long time miners reap benefit holdling
- Bitcoin market cap is close to $430 billion
According to Glassnode, after crossing the $20k mark, all early miners with up to 50 BTC rewards unspent have become millionaires.
Bitcoin almost reached $23,000 during an intensive bull run in the early hours of Thursday. Another parabolic price is imminent as Bitcoin enters new prices territories. The total market cap of bitcoin currently sits close to $430 billion.
Old miners may have benefited from handsome rewards, but the market was speculative and volatile than today. Although today’s miners get only 6.25 BTC, they have assurances that they will be rewarded for their efforts.
Miners currently mine about 900 BTS every day. This quantity is barely enough as big businesses are buying into bitcoin every day.
Do you know bitcoin was this lucrative? Share your thoughts in the comment section.
