According to a recent report by IntoTheBlock, there are currently 1,010,777 such addresses, marking a notable achievement in the Bitcoin ecosystem.
IntoTheBlock, a blockchain analytics platform, highlighted this milestone in a chart that illustrates the growing trend of individuals and entities accumulating Bitcoin to reach wholecoiner status. The term “wholecoiner” refers to those who hold at least one whole Bitcoin, a status increasingly sought after by investors.
The data shows a clear long-term trend: more and more people are striving to become wholecoiners.
This trend reflects the broader adoption and confidence in Bitcoin as a store of value and an investment asset. The increasing number of wholecoiners is a testament to the growing belief in Bitcoin’s potential for long-term growth and stability.
IntoTheBlock’s analysis indicates that this upward trend is not a short-term phenomenon but a sustained movement. Over the years, as Bitcoin has matured, the number of addresses holding at least one BTC has steadily increased.
Bitcoin has fallen roughly 17% since reaching an all-time high of nearly $74,000 in mid-March on rising optimism about the approval of U.S. exchange-traded funds to directly hold the original cryptocurrency.
At the time of writing, Bitcoin had risen 0.04% in the previous 24 hours to $61,592. Adding to the melancholy on the markets is shifting expectations of U.S. interest rate cuts, which has reduced demand for the most risky assets.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
