Bitcoin Wallets Holding 0.1-10 BTC Surpass 2 Million: A Testament to Growing Popularity
• The total supply of wallets that hold between 0.1 Bitcoin (BTC) and 1 Bitcoin has surpassed 1 million coins.
• The collective supply of wallets that hold between 1 BTC and 10 BTC topped 2 million.
• The total BTC supply of wallets that hold between 1 BTC and 10 BTC broke its own all-time high by surpassing 2 million at the end of November.
As of December 29th, the total supply of wallets holding between 0.1 Bitcoin (BTC) and 1 Bitcoin has surpassed 1 million coins, while the collective supply of wallets that hold between 1 BTC and 10 BTC has topped 2 million. This indicates an exponential growth in the total supply of these wallets since late 2013, with significant growth periods in 2016 and 2018.
This surge in the total supply of wallets can be seen in the chart below, which represents the total supply held by wallets in question since 2010. The orange line illustrates how the total supply has been steadily increasing since late 2013, with short periods of exponential growth in 2016 and 2018.
The impressive growth in the total supply of wallets holding between 0.1 BTC and 1 BTC is further highlighted by the fact that the total supply held by wallets that hold between 1 BTC and 10 BTC has also broken its own all-time high by surpassing 2 million at the end of November. This surge in the total supply of these wallets can also be seen in the graph above, which shows how the total BTC supply held by wallets with between 1 BTC and 10 BTC has been increasing since 2010, with a significant spike in late 2011.
The continued growth in the total supply of wallets holding between 0.1 BTC and 1 BTC, as well as those holding between 1 BTC and 10 BTC, is a testament to the increasing popularity of Bitcoin as a digital asset and its increasing utility as a store of value. This trend has been further reinforced by the recent surge in the price of Bitcoin, which has seen the leading cryptocurrency break its own all-time high multiple times in the past month.
The growth in the total supply of wallets holding between 0.1 BTC and 1 BTC, as well as those holding between 1 BTC and 10 BTC, is a clear indication of the increasing popularity of Bitcoin and its status as a digital asset. This trend is expected to continue in the near future as more and more investors flock to Bitcoin in search of a safe-haven asset.