Bitcoin
Here’s How Many New Bitcoin Millionaires Have Been Made In 2024

With the market recovery in 2024, the number of newly minted Bitcoin millionaires have been on the rise. Given that the BTC price actually touched a new all-time high this year, the number of Bitcoin wallet holding balances of at least $1 million have skyrocket. So, in this report, we take a look at how many new BTC millionaires have been made and how much the number has grown compared to the figure from the previous year.
Bitcoin Millionaires Cross 110,000
Data shows that over 20,000 new Bitcoin millionaires have been made so far in 2024 alone. According to BitInfoCharts, there are now 110,388 Bitcoin millionaires at the time of this writing. This is in contrast to 89,322 figure that was recorded at the turn of last year.
This means that a total of 21,066 new Bitcoin millionaires have been created in 2024. This translates to an 18% surge between January and September, showing the growing wealth of BTC investors during this time. It has also followed the trajectory of the BTC price, which is up by almost 50% in one year as well.
The increase in the number of wallets holding coins of a certain value was not only recorded among millionaires. Other wallets across different cohorts have all seen a notable rise. This ranges from BTC wallets holding at least $100 going from 19.8 million to 21.6 million.
The next cohort is addresses holding at least $1,000, which went from 8.9 million to 10.37 million. Addresses holding at least $10,000 saw one of the most significant jumps during this time period. The figure stood at 2.722 million at the start of the year. However, by the time of this writing, there are now over 3.43 million Bitcoin addresses holding BTC worth at least $10,000.
Then, the addresses holding at least $100,000 also grew from 451,129 at the start of the year to 621,934 addresses at the time of writing. Last but not least is the larger cohort, which is wallets holding at least $10 million. This grew from 7,414 addresses back in January to 10,407 wallets presently.
BTC Seeing Positive Moves
The rise in the number of Bitcoin wallets holding a certain amount over the last year is tied to the performance of the cryptocurrency during this time. Bitcoin started out the year around $44,000 and even after falling from its $73,000 all-time high to $63,000, maintains an almost 50% increase in price.
There have also been some bullishness in some of its metrics, especially when it comes to its daily trading volume. Data from CoinMarketCap shows an over 6% increase in the last day alone, bringing its daily trading volume above $27.75 billion. This suggests a growing interest in the cryptocurrency, which could lead to a further increase in price.
If the price of BTC continues to rise, then it is expected that more Bitcoin addresses will enter a higher value cohort. If the price does reach a brand new all-time high this year, then thousands of new Bitcoin millionaires could be minted as well.
Featured image created with Dall.E, chart from Tradingview.com
Bitcoin
Bitcoin Could Serve as Inflation Hedge or Tech Stock, Say Experts

Bitcoin may be a useful hedge against inflation in the near future as market uncertainty is growing. In the long run, it may also be useful to envision Bitcoin differently, treating it as a barometer for the tech industry.
Standard Chartered’s Head of Digital Assets Research and WeFi’s Head of Growth both shared exclusive comments with BeInCrypto regarding this topic.
Bitcoin: Inflation Hedge or Magnificent 7 Candidate?
Since the early days of the crypto space, investors have been using it as a hedge against inflation. However, it’s only recently that institutional investors are beginning to treat it the same way. According to Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, the trend of Bitcoin as an inflation hedge is increasing.
Still, this view may be too narrow in a few ways. Since the Bitcoin ETFs were first approved, BTC has been increasingly well-integrated with traditional finance. Kendrick noted this, saying that it is highly correlated with the NASDAQ in the short term. He claimed that Bitcoin might represent more than an inflation hedge, instead serving as an ersatz tech stock:
“BTC may be better viewed as a tech stock than as a hedge against TradFi issues. If we create a hypothetical index where we add BTC to the ‘Magnificent 7’ tech stocks, and remove Tesla, We find that our index, ‘Mag 7B’, has both higher returns and lower volatility than Mag 7,” Kendrick said in an exclusive interview with BeInCrypto.
This comparison is particularly apt for a few reasons. Tesla’s stock price is heavily entangled with Bitcoin, but it’s also been dropping due to political controversies. If Bitcoin were to replace Tesla’s position in the Magnificent 7, it may be a welcome addition. Of course, there is currently no mechanism to cleanly treat Bitcoin as a similar type of product. That could change.
However, Bitcoin’s role as an inflation hedge might be more immediately relevant. As Trump’s Liberation Day approaches, the crypto markets are becoming increasingly nervous about new US tariffs. As Agne Linge, Head of Growth at WeFi, said in an exclusive interview, these fears are impacting all risk-on assets, Bitcoin included.
“Crypto markets are closely tracking investor sentiment ahead of Trump’s…tariff announcement, with growing concerns over the potential economic impact. Bitcoin’s increasing correlation with traditional markets has amplified its exposure to broader macroeconomic trends, making it more sensitive to the risk-off sentiment that has affected equity markets,” Linge claimed.
She went on to state that US economic uncertainty was at record levels, surpassing both the 2008 financial crisis and the pandemic in April 2020. In these circumstances, recent inflation indicators are showing expected rates above expectations.
In such an environment, the crypto market is sure to take a hit, but traditional finance and the dollar is also in great jeopardy. All that is to say, Bitcoin is likely to be a solid inflation hedge in the near future. Even if it falls dramatically, it has worldwide appeal and the ability to rebound.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
$500 Trillion Bitcoin? Saylor’s Bold Prediction Shakes the Market!


Michael Saylor, one of the most outspoken supporters of Bitcoin, is back and bolder than ever. In a recent statement, the former MicroStrategy CEO predicted that the alpha coin will potentially hit a $500 trillion market cap. Saylor’s bold prediction for the world’s top digital asset comes during the intensified push for a Strategic Bitcoin Reserve (SBR).
In his latest pro-crypto statement, Saylor argued that the digital asset will “demonetize gold”, then it will demonetize real estate, which he calculated as 10x more than gold. To summarize his argument, Saylor further states that Bitcoin will demonetize “all long-term store of value”.
Push For SBR Gains Ground
Saylor’s latest statement comes as Congress intensifies its efforts to build the country’s BTC holdings. United States President Donald Trump formalized the plans to build crypto holdings through an executive order to establish a strategic crypto reserve that will initially include $17 billion worth of BTC that the country currently controls.
Michael Saylor: Bitcoin Headed to $500 Trillion 🚀₿
– At Digital Asset Summit, MicroStrategy’s Saylor predicted:
• BTC will reach $500T market cap
• It will “demonetize gold, real estate & all long-term stores of value”
– Capital shift: “From physical to digital, from…— AFV GLOBAL (@afvglobal) March 28, 2025
According to the president, additional acquisitions of cryptocurrency are allowed, provided these are done through “budget-neutral” approaches. Senator Cynthia Lummis initially proposed in the Senate, through the Bitcoin Act, the plan to create a Bitcoin reserve. Under the proposal, the administration can purchase 1 million Bitcoin to complement the reserve.
Saylor Explains Crypto’s Role During Blockchain Summit
Saylor’s latest prediction on Bitcoin was made during his appearance at the DC Blockchain Summit. He was joined on stage by Jason Les, the CEO of Rito Platforms, and Lummis, the principal author of the Bitcoin Act.
During the program, Saylor was asked about America’s need for Bitcoin. Saylor answered with conviction, saying the rising importance of BTC is inevitable and will happen with the US’ participation. During his talk, he shared that Bitcoin, created by the enigmatic Satoshi Nakamoto, is unstoppable.
Image: Gemini Imagen
Saylor added that the premier digital asset is the next stage in money’s evolution, and it’s currently absorbing value from traditional assets like currency reserves and real estate.
Saylor Predicts Top Coin Will Reach $500 Trillion In Market Cap
During his talk, Saylor predicted that BTC will eventually grow from $2 billion to $20 billion, which can hit $200 billion and beyond. Finally, he thinks the asset can achieve a $500 trillion market capitalization, reflecting more than 29,000% increase from its current market capitalization of $1.67 trillion.
Saylor’s recent bold prediction aligns with his firm conviction and support for the asset. He argues that Bitcoin’s unique features, its decentralized nature and fixed supply, make it a perfect hedge against economic uncertainties like inflation.
Featured image from Gemini Imagen, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Bitcoin
Big Bitcoin Buy Coming? Saylor Drops a Hint as Strategy Shifts


A top executive of Strategy, formerly MicroStrategy, posted a cryptic post on X, fueling speculation that the company might be positioning itself to make another Bitcoin acquisition soon.
Strategy Executive Chairman Michael Saylor suggested in an X post that the company would purchase additional Bitcoins to boost its current BTC holding of $42 billion.
Saylor To Buy More Bitcoin
In a typical Saylor fashion, the Strategy top honcho disclosed the company’s BTC investment portfolio tracker, an indicator that the company is planning an upcoming Bitcoin acquisition.
Needs even more Orange. pic.twitter.com/lV5qgUP6oY
— Michael Saylor⚡️ (@saylor) March 30, 2025
“Needs even more Orange,” Saylor said in the post, referring to the orange circles in the graph (below), which represents the company’s Bitcoin purchases since September 2020.
Once again, Saylor’s post intrigued the crypto community because many believe the graph conveys a message that Strategy will buy more BTC soon.
Strategy Stockpile: Over $40B BTC
According to Saylor, Strategy’s Bitcoin holding now stands at more than $42 billion. Despite the company’s already huge investment in BTC, it seems the company will continue to increase its holdings, believing in the value of crypto.
Strategy has made great strides in building its BTC reserve from its initial Bitcoin purchase of 21,454 coins worth $250 million in August 2020.
On March 17, the company announced its latest acquisition of 130 Bitcoins for about $10.7 million in cash, with an average price of around $82,981 per coin.
Meanwhile, Onchain Lens reported on Sunday that Strategy moved a considerable number of its coins to new addresses.
“Strategy (formerly MicroStrategy) transferred 7,383.25 $BTC worth $612.92M to three new addresses on March 30,” Onchain Lens said in a post.
Analysts believe the company is influencing the crypto market to strengthen its position, as its chairman has consistently urged others never to sell their Bitcoin.
Strategy (formerly #MicroStrategy) has transferred 7,383.25 $BTC worth $612.92M into 3 new addresses.https://t.co/8KVn8hYNDL pic.twitter.com/g92HZCvoLp
— Onchain Lens (@OnchainLens) March 30, 2025
Fueling BTC Adoption
Many market observers argued that Saylor’s BTC investment strategy might have driven crypto adoption. Ironically, Saylor was pessimistic about Bitcoin’s future in 2013, predicting that the flagship crypto would fail.
However, in 2020, Saylor became one of Bitcoin’s staunch advocates and has now been preaching the merits of the firstborn crypto, urging companies to acquire Bitcoin.
For example, Visa planned to let its customers spend digital assets directly at 70 million merchants. At the same time, financial institutions such as JPMorgan and Morgan Stanley have begun offering crypto investments to wealthy clients and institutional investors.
Featured image from Times Now, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
-
Market21 hours ago
Bitcoin Price Battles Key Hurdles—Is a Breakout Still Possible?
-
Bitcoin18 hours ago
$500 Trillion Bitcoin? Saylor’s Bold Prediction Shakes the Market!
-
Market24 hours ago
CFTC’s Crypto Market Overhaul Under New Chair Brian Quintenz
-
Altcoin23 hours ago
A Make or Break Situation As Ripple Crypto Flirts Around $2
-
Market22 hours ago
Is CZ’s April Fool’s Joke a Crypto Reality or Just Fun?
-
Bitcoin19 hours ago
Big Bitcoin Buy Coming? Saylor Drops a Hint as Strategy Shifts
-
Altcoin16 hours ago
Will XRP, SOL, ADA Make the List?
-
Market23 hours ago
XRP Bulls Fight Back—Is a Major Move Coming?