Crypto Winter Wipes Out 72,000 Bitcoin Millionaires in 2022

Crypto Winter Wipes Out 72,000 Bitcoin Millionaires in 2022

by November 28, 2022

Crypto comparison website Bitstacker conducted a study which found that there was a 70% drop in Bitcoin millionaires in November 2022 when compared to January 2022 due to the ongoing ‘crypto winter’.

72,000 Bitcoin holders were no longer millionaires due to the drop in BTC prices from US$46,208 at the start of 2022 to US$15,759 at the time of the study in November.

Bitcoin addresses holding more than $1,000,000 worth of BTC in 2022 (January vs. November). Source: BitStacker

Bitcoin addresses holding more than US$1,000,000 worth of BTC in 2022 (January vs. November). Source: BitStacker

Bitstacker also found that there was some 3,577 accounts holding over US$10 million in Bitcoin, while there were over 34 million addresses that had at least US$1 in Bitcoin assets.

Furthermore, there are currently 10 Bitcoin billionaires in the world, with the richest ‘Bitcoin billionaire’ holding 252,597 BTC worth around US$4.05 billion — representing 1.31% of all BTC in existence.

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