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Bitcoin’s Millionaire Club Expands: 1,500 New Wallets Hit $1 Million Daily Amid BTC Bull Run

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  • Bitcoin’s recent rise has generated 1,500 new daily million-dollar portfolios, still below the peaks reached in 2021.
  • Despite the approval of Bitcoin ETFs and growing interest, daily million-dollar portfolio formation does not exceed 2021.

The recent surge in Bitcoin’s value has been the catalyst for the creation of 1,500 new wallets worth at least $1 million every day, although this is below the records achieved in previous bullish waves.

Source: @KaikoData

According to reports by Kaiko Research, this phenomenon of rising Bitcoin value has led to the daily generation of approximately 1,500 “millionaire wallets”.

Source: @KaikoData

Although the approval of Bitcoin exchange-traded funds (ETFs) promised to further boost the market by attracting a new segment of interested investors, the frequency with which new million-dollar portfolios are being created has yet to exceed the numbers recorded in 2021.

During that period of exceptional growth, nearly 4,000 portfolios were reaching the $1 million threshold daily, with March 1 standing out as the day with the highest number of portfolios reaching this mark, with 1,691.

This observation underscores a slowdown in the rate of new million-dollar wallet generation compared to the previous period, despite the continued growth and acceptance of Bitcoin in financial markets globally, as we have detailed in ETHNews.


Bitcoin’s price recently hit $71,608.38 USD, marking an increase of $3,000.20 (4.37%). Looking at the 52-week range, Bitcoin has shown an impressive range of $23,964.91 to $72,460.30.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628