You Won’t Believe How Many Bitcoin Millionaires Are Being Created Every Day

Source Bitcoinist

Bitcoin has seen a notable price increase since the start of the year, largely thanks to 2024 ushering in the bull run for this market cycle. This surge in Bitcoin’s price has led to an impressive amount of Bitcoin millionaire wallets being created daily. 

Almost 2,000 Bitcoin Millionaire Wallets Created Daily

According to data from research firm Kaiko, just under 2,000 Bitcoin millionaire wallets are created daily. Interestingly, this figure is still way lower than the 2021 Bull run when over 4,000 wallets hit the million-dollar mark daily, according to Kaiko. The research firm also claimed over 2,000 wallets reached $10 million daily in the last bull run.  

Bitcoin millionaires

Kaiko noted that the slowdown in this market cycle is likely because new capital has yet to enter the market in full force. They also stated that large whales from the previous market cycle are also likely still taking profit as Bitcoin hits new highs. Additionally, Kaiko claimed that whales are storing their holdings with custodians rather than personal wallets, which could be another reason why there has been a decrease in the number of Bitcoin millionaire wallets. 

However, these Bitcoin millionaire wallets are expected to keep rising as this bull run progresses. Crypto analysts like Rekt Capital have predicted that this bull market is going to peak sometime in September or October of next year. Factors like the approval of the Spot Ethereum ETFs are expected to trigger more rallies for Bitcoin and altcoins.

Moreover, more crypto tokens are expected to have their ETFs in this cycle, especially with the approval of the Ethereum ETFs, meaning that more capital will flow into the crypto space. Meanwhile, the US election is also expected to positively impact this bull market with Donald Trump already affirming his pro-crypto stance. 

More Crypto Millionaires In This Bull Run Thanks To Meme Coins

More crypto millionaires are expected to be made in this bull run than in previous ones, thanks to the level of adoption this category of crypto tokens is gaining in this market cycle. This has led to an uprise in the number of meme coins created daily, with crypto investors cashing out massively from trading these coins.

Earlier in the year, Bitcoinist reported about a Solana meme coin trader who made almost $11 million by investing $1,800 in the Dogwifhat (WIF) meme coin. Another set of Solana meme coin traders was reported to have made $8 million in 24 hours with an initial investment of $6,400. 

More recently, on-chain data tracker Bubblemaps revealed a trader who made a $2 million profit from trading the Mother Iggy (MOTHER) meme coin, a token created by the Australian rapper Iggy Azalea. 

Bitcoin price chart from Tradingview.com
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD drifts lower below $2,800   after Trump imposes tariffsGold price (XAU/USD) edges lower to around $2,795 during the early Asian session on Monday.
Author  FXStreet
Feb 03, Mon
Gold price (XAU/USD) edges lower to around $2,795 during the early Asian session on Monday.
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
Apr 02, Wed
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US DollarThe Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
Author  FXStreet
Yesterday 02: 14
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
placeholder
Ripple Price Forecast: XRP builds bullish momentum as Ripple eyes Circle with $5B acquisition bidRipple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00.
Author  FXStreet
18 hours ago
Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00.
goTop
quote