The number of Bitcoin addresses holding over $1 million worth of BTC rose by 58.21% in 2024, indicating a significant growth of Bitcoin millionaires.
The increase in Bitcoin millionaires was smaller in 2024 than in 2023, possibly due to stronger altcoin markets and investor sentiment amid lower prices.
"Considering the fact that the Bitcoin rally started already in late 2023 and that it featured a total 153.21% price increase... the seemingly surprising discrepancy might simply be demonstrative of the initial relatively low prices and immediate investor enthusiasm."
In total, 9.9 million new addresses holding over $1 worth of Bitcoin were established in 2024, showing a massive influx of new investors.
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