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There Are More People Holding $100,000 in Bitcoin Than Ever Before

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The number of Bitcoin trading addresses that have more than $100,000 in their holdings just reached an all-time high.

This news comes to us via Bitinfocharts and reported via CoinTelegraph.

As of now there are 157,210 addresses with at least 10 Bitcoin and ranging all the way up to around 1 million Bitcoin. According to Coin Metrics, who recently put out its latest State of the Network report, this is the highest this number of holders has ever been.

Putting all of these top 100 together, we’re looking at a value of over $48.2 billion. Most notable, however, is the fact that 4 addresses hold around $5.35 billion of that alone.

Overall, these numbers shouldn’t be too surprising considering the way Bitcoin has been performing this year. Over the past few months, the asset has ranged anywhere from $9,000 to $11,000 in price, and with the upcoming Bitcoin futures platform from Bakkt, we could see that number go even higher.

That’s not to mention the number of companies looking into blockchain technology. A ton of them are out there, and this will push widespread adoption even more once these projects come into play and the mainstream starts to realize that blockchain and cryptocurrency trading isn’t that scary of a thing.

Views expressed are those of the writers only. Past performance is no guarantee of future results. Trading comes with severe risk. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/

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