Bitcoin millionaires are now a widely understood term. This has grown from the massive surge in the price of the digital asset which has continued to decrease the number of BTC required to be a millionaire. A number of bitcoin millionaires had lost their status when the price of the digital asset had declined. However, as bitcoin is recovering, these millionaires have been growing in number but data shows that the increase in price is not the only driver.<\/p>\n
The price of bitcoin had declined significantly following the Russian invasion of Ukraine. This had seen a considerable number of bitcoin millionaires lose their status. But since then, there have been more investors being added to the millionaires’ list.<\/p>\n
Related Reading |\u00a0Bitcoin Futures Basis Nears One-Year Lows, How Will This Affect BTC?<\/a><\/strong><\/em><\/p>\n Santiment notes in a new report that the number of bitcoin addresses had been on a steady increase since the way between Russia and Ukraine had started. Not only had the number of addresses been on the rise but whale addresses have been rising. These addresses which hold between 10 to 100k BTC on their balances which were either existing or new had been able to reclaim their millionaire status.<\/p>\n \ud83e\udd88\ud83d\udc33 The number of #Bitcoin<\/a> addresses has been increasing since the #RussianUkrainianWar<\/a> began. Since then, there are 1,629 shark and whale addresses holding between 10 to 100k that are either new or have returned to this millionaire (or above) status. \ud83d\udcc8https:\/\/t.co\/08ytC3aMhW<\/a> pic.twitter.com\/9Ts70gdfHJ<\/a><\/p>\n — Santiment (@santimentfeed) April 27, 2022<\/a><\/p><\/blockquote>\n\n