Bitcoin addresses with balances of 0.1 BTC or more are nearing an all-time high, according to the data. Bitcoin Magazine ProThere are currently 4,580,424 such addresses, just shy of the all-time high of 4,586,540, and up 27,939 from the previous month.
The recent drop in Bitcoin price from approximately $67,500 to $49,000 has presented investors with a unique buying opportunity to accumulate Bitcoin at prices below $50,000. Bitcoin is currently trading in the $50,000-$60,000 range, down 24% from its all-time high, but buyers continue to accumulate, which could push the number of addresses holding above 0.1 BTC to new records in the near future.
This graph shows the number of unique addresses holding at least 0.1 BTC. Tracking this metric can help measure Bitcoin adoption and usage over time. For example, an increase in addresses holding small amounts of Bitcoin indicates increased adoption among new users.
A Bitcoin address, consisting of 26-35 alphanumeric characters, allows an individual to send and receive Bitcoin. Each wallet can contain multiple addresses, which act as the public part of a transaction.
Bitcoin’s total supply is limited to 21 million, with approximately 19 million having been mined so far. Estimates suggest that approximately 3 million of these may already be lost. As Bitcoin continues to gain popularity, the number of addresses holding at least 0.1 BTC is expected to grow, reflecting growing adoption and increased usage among various cohorts.
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