The number of Bitcoin wallet addresses holding at least one whole Bitcoin (BTC) has exceeded one million. This significant milestone was recorded on May 13, according to blockchain analytics firm, Glassnode.
The number of wholecoiners has been steadily increasing in recent years. In 2017, there were only around 200,000 wholecoiners. This number increased to 500,000 in 2020 and then to 1 million in 2023.
The increase in the number of wholecoiners is a sign of growing institutional and retail interest in Bitcoin. Institutional investors, such as hedge funds and asset managers, have been buying Bitcoin in large quantities in recent years. Retail investors, such as individuals and small businesses, have also been buying Bitcoin in increasing numbers.
The increase in the number of wholecoiners is also a sign of growing confidence in Bitcoin as a store of value. Bitcoin is limited in supply, with only 21 million BTC that will ever be mined. This scarcity makes Bitcoin an attractive investment for those who are looking for a hedge against inflation and other economic risks.
The milestone of one million wholecoiners is a significant achievement for Bitcoin. It is a sign of the growing popularity and adoption of Bitcoin as a store of value. It is also a sign of the growing confidence that investors have in Bitcoin’s future.