Number of Bitcoin investors increased despite dip in value: Report
A new report has revealed that despite the continued decline in the price of Bitcoin, the number of investors holding more than one BTC increased by 20 per cent year on year in January.
The report released by CryptoPresales.com and seen by Peoples Gazette on Monday detailed that the number of unique addresses holding more than one BTC reached over 981,000 last week.
CryptoPresales in the report detailed that Bitcoin’s latest price dip was more interesting to crypto investors searching for a bigger investment chunk.
It revealed that the overall number of Bitcoin investors has been rising throughout the last year, despite the crypto winter.
According to the report, 3.29 million unique addresses were holding more than or equal to 0.1 BTC in January 2022; since then, this number has increased by 28 per cent, reaching an all-time high of 4.21 million last week.
Last week, the number of wallets with at least 1 BTC in their balance reached a new high of around $17,260.
According to statistics, the number of investors increased by more than 166,000 in the last year, reaching a record high of 981,000.
The report also revealed that the Bitcoin network added 3.6 million addresses in 2023, bringing the total to 43.3 million last week, up from 39.6 million in January 2022.
It also revealed that the continued investment was still at a much slower pace compared to 2021.
The world’s leading cryptocurrency has suffered a significant price fall in one of the most brutal years for the entire crypto industry, with the value of the most popular cryptocurrency dropping significantly over the last six months.
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