CJ - Bitcoin Specialist
Bitcoin has had a tumultuous ride in recent years, with its price reaching a staggering high of $69,000 in November 2021, before experiencing a significant drop. However, this drop has had a positive effect, making it more accessible to potential investors. In fact, data from Glassnode reveals that one million addresses now hold more than 1 BTC, which is equivalent to $26,800.
While it's worth noting that one address doesn't necessarily represent one person, the fact that so many addresses hold more than 1 BTC highlights the growing interest in and adoption of Bitcoin. This number of addresses with full BTC status increased considerably in February 2020 when Bitcoin was in the process of correcting after reaching its record high.
According to experts, this milestone highlights Bitcoin's establishment in mainstream finance, with certain individuals controlling multiple addresses and institutions or groups of people also holding Bitcoin. If you're considering investing in Bitcoin, this news could be a positive sign that it is becoming an increasingly popular and mainstream investment option. However, as with any investment, it's crucial to do your research before making any decisions.
If you're looking to join the ranks of those who own at least one Bitcoin, BC Bitcoin is a reputable cryptocurrency trading platform to buy and sell cryptocurrency. With over five years of experience in the industry, BC Bitcoin provides a secure and easy-to-use platform for users to purchase Bitcoins. The platform offers competitive rates, crypto asset management, a variety of payment options, and excellent customer support to ensure a seamless buying experience.