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[AudraMiller]

With the price of Bitcoin increasing so rapidly, the number of wallets that were holding Bitcoin have increased in their value as well. This has resulted in there now being over 100k wallets that hold in excess of one million USD Bitcoin. Upon further inspection of the number of Bitcoin wallet users and holders, it seems that over 15 million wallets hold more than 100 dollars, which is great to show how many people are actually using and taking an interest in Bitcoin now. What are your thoughts on this?

 

[Niftyicon]

This is quite impressive. More than 15 million wallets is quite a lot and I wouldn't be surprised if that number doubles soon because more wallets are growing by the day thanks to the increase in the price.

 

[AudraMiller]

This is quite impressive. More than 15 million wallets is quite a lot and I wouldn't be surprised if that number doubles soon because more wallets are growing by the day thanks to the increase in the price.

The number of people that are getting interested in crypto are actually increasing a lot. However the concern that I have is that there are many other countries that are considering banning crypto, so this could result in many inactive wallets as well.

 

[Niftyicon]

The number of people that are getting interested in crypto are actually increasing a lot. However the concern that I have is that there are many other countries that are considering banning crypto, so this could result in many inactive wallets as well.

My country is unfortunately one of those unjustly banning Cryptos but according to the news, it has in no way negatively affected the volume of crypto use and transactions but you are still right about this.

 

[Wisdom01]

Yeah this shows how much people are investing in bitcoin because they have seen the potential on the price ,and i guess these kind of news makes people invest more

 

[Yugocean]

Crypto millioniers are increasing because of good trading in cryptocurrencies; better for people, they are making money and earning a good life with crypto.,

 

[Ewogboka]

The market capitalization for bitcoin alone can tell that the address can reach the huge number, i am optimistic it will increase by 50% or more this year.

 

[Brain]

The period is here where more addresses will be created as more people are going to take advantage of the fall in price of the coins so will there be more increase in wallet creation too

 

[achawaskey]

I think cryptocurrency has open a lot of opportunities to many people who now turn investors, and they have seen how lucrative the market is by making it possible for them to make profit.

 

[Ewogboka]

I think cryptocurrency has open a lot of opportunities to many people who now turn investors, and they have seen how lucrative the market is by making it possible for them to make profit.

It is the truth , instead of saving money in the bank people prefer to take the risk of investing into Cryptocurrencies for them to earn profit

 

[Ewogboka]

I think cryptocurrency has open a lot of opportunities to many people who now turn investors, and they have seen how lucrative the market is by making it possible for them to make profit.

It is the truth , instead of saving money in the bank people prefer to take the risk of investing into Cryptocurrencies for them to earn profit

 

[Owii430]

Its good to see people taking interest in cryptocurrency

 

[Rollerkid]

With the price of Bitcoin increasing so rapidly, the number of wallets that were holding Bitcoin have increased in their value as well. This has resulted in there now being over 100k wallets that hold in excess of one million USD Bitcoin. Upon further inspection of the number of Bitcoin wallet users and holders, it seems that over 15 million wallets hold more than 100 dollars, which is great to show how many people are actually using and taking an interest in Bitcoin now. What are your thoughts on this?

I would say this is great in a way. But one unfortunate thing is that some of these wallets might be having the idea of just gathering our coins and end up closing with our coins.

 

[BullyMaguire]

Is $1 worth of Bitcoin considered a whale? But just shows wealthy business and companies are turning into Cryptocurrency to grow their assets

 

[AudraMiller]

I would say this is great in a way. But one unfortunate thing is that some of these wallets might be having the idea of just gathering our coins and end up closing with our coins.

I feel that there are many wallets that people may have had in the past that they eventually decided to forget about it, with small quantities of Bitcoin in them that may even exceed 100 dollars based on the current value. For example, I did have a wallet with 40k satoshi, which is not much, but that would equate to 20 dollars. I have since lost the private key for that wallet. I am sure there are many other wallets like that.

 

[Virkk]

With the price of Bitcoin increasing so rapidly, the number of wallets that were holding Bitcoin have increased in their value as well. This has resulted in there now being over 100k wallets that hold in excess of one million USD Bitcoin. Upon further inspection of the number of Bitcoin wallet users and holders, it seems that over 15 million wallets hold more than 100 dollars, which is great to show how many people are actually using and taking an interest in Bitcoin now. What are your thoughts on this?

This shows the interest of modern world toward cryptocurrencies specially in Bitcoin and I hope in the future bitcoin will dominate the whole world of Crypto

 

[AudraMiller]

This shows the interest of modern world toward cryptocurrencies specially in Bitcoin and I hope in the future bitcoin will dominate the whole world of Crypto

I think that it is possible for crypto to become globally adopted, however when it comes to the use of Bitcoin I think that will be a bit more concerning. The main reason that I am saying this is because it is not very usable from a day to day basis because of the fact that you pay a lot for transaction costs.

 

[Rollerkid]

I feel that there are many wallets that people may have had in the past that they eventually decided to forget about it, with small quantities of Bitcoin in them that may even exceed 100 dollars based on the current value. For example, I did have a wallet with 40k satoshi, which is not much, but that would equate to 20 dollars. I have since lost the private key for that wallet. I am sure there are many other wallets like that.

Yeah, that is just one issue. Most people in the early days of crypto lost their private keys and their assets were lost. But maybe if I may ask is the wallet still existing because I heard sometimes wallets too go scam.

 

[Crypto1382]

Really it's true many a wallets containing $1million Bitcoin is rising like thunderstorm. I really appreciate your post.

 

[Ewogboka]

People are heavily investing in to bitcoin that is why the more millionaires are on the rise on daily basis as the value of bitcoin appreciate .