Bitcoin Bursts All Records Again: Over 50 Million Wealthy BTC Addresses

Bitcoin is on its way to the moon. Its recent performances have sparked unprecedented enthusiasm, leading to a dramatic increase in the number of addresses with a non-zero balance. Details !

Bitcoin, the world is flocking to it

Bitcoin, which crypto-skeptics like Peter Schiff predicted would end last year, is back in the spotlight. Besides making a strong comeback in terms of price, the queen of cryptocurrencies is also setting stunning records. If it’s not the BTC whales that are busy stocking up, it’s the number of transactions recorded on the blockchain that are soaring.

#Bitcoin address with a non-zero balance has just surpassed 50M.

We are seeing one of the strongest forms of accumulation from the smaller cohorts. The only other times we've seen stronger accumulation is in the 2017 and 2021 bull markets. https://t.co/vpUHI3WZ34 pic.twitter.com/FdQGWJEGcr

— James V. Straten (@jimmyvs24) November 27, 2023

In a recent release, CryptoSlate highlighted a new record set by Bitcoin. More specifically, it is about the number of small BTC hodlers that has just surpassed the 50 million address mark.

This explosion in the number of addresses belonging to the Plankton cohort, that is, those containing an amount greater than or equal to 0.01 BTC, is intriguing some analysts. Initially, it’s worth noting that the number of similar addresses was only 37.5 million a while ago, according to the latest statistics.

But the frenzied rush towards bitcoin by the small hodlers has led to the addition of approximately 1.6 million addresses in just 30 days.

As for the quantity of BTC addresses with a balance more than zero, the 50 million mark has been surpassed.

Yet, in November 2017, that is six years earlier, these crypto wallets were only at 25 million. That’s half of the 50 million mentioned recently.