According to the latest aggregated data by Glassnode, Bitcoin’s (BTC) most recent price surge – which pushed the crypto beyond the $20K mark – has led to a parabolic rise of the total number of BTC addresses holding at least a million dollars. As of press time, there are now more than 66,540 different wallet addresses containing over $1 million worth of BTC. That is a mind-blowing 150% rise within just a single day.
Glassnode attributes this surge in BTC millionaire wallets to the early miners who remained patient and retained their crypto holdings over the past years despite the many ups and downs. According to the analytics firm’s official Twitter profile, early miners who have at least 50 BTC unspent rewards have now all became crypto millionaires thanks to BTC crossing the $20K.
CTO of Glassnode, Rafael Schultze-Kraft, emphasized this by stating that to be a millionaire today, all people had to do was to mine a single BTC block between 2009 and 2012. While many have unknowingly capitalized on this – some miners are surely regretting their decision to not invest in the crypto way back then.
That being said, today’s miners still have something to be hopeful for. Although early miners benefited from much larger block rewards, their operation market was significantly more volatile than today – no one knew what tomorrow’s outcome would be back then. Despite just receiving 6.25 BTC per mined block today, current miners enjoy a much stable market. They are almost guaranteed to earn profit as BTC becomes more and more mainstream.