1 Million Bitcoin Addresses Now Hold 1 BTC or More
CryptoNewsTerminal Staff12 Aug, 2024
1 Million Bitcoin Addresses Now Hold 1 BTC or More
The number of Bitcoin addresses holding 1 BTC or more has surpassed 1 million, according to an announcement made by Bitcoin Magazine via its Twitter handle. This milestone highlights the increasing adoption and maturity of the Bitcoin network. As more people recognize the value of Bitcoin as a store of value and a hedge against inflation, the demand for the digital asset continues to grow. The increase in addresses holding significant amounts of Bitcoin also suggests that long-term holders are accumulating and holding onto their investments, signaling their confidence in Bitcoin's long-term prospects. This trend is a positive sign for the overall health and stability of the Bitcoin ecosystem.
