Bitcoin created 100,000 million dollars after 3 months

According to CBS, there may have been 100,000 people making $ 1 million or more on Bitcoin. Meanwhile, this figure from 3 months ago was only 25,000 people. A year ago, there were about 15,000 Bitcoin accounts worth millions of dollars.

The biggest reason why these figures have changed so dramatically is because Bitcoin price has increased and did not find a peak. After a series of claims from institutions about accepting Bitcoin for more payments, Bitcoin got the good news when Elon musk’s Tesla said it had spent $ 1.5 billion investing in the digital currency.

Bitcoin’s price hit $ 50,000 earlier this month and was at an all-time high to $ 58,000 on Sunday. The price increase caused the Bitcoin millionaire “club” to reach 100,000 people last week.

However, to know exactly how many people are holding from $ 1 million Bitcoin becomes difficult to determine. How many accounts contain bitcoins in existence and how many Bitcoins each of them has is public data. But information about the account holder is confidential. Multiple accounts can be held by the same person or 1 account can be co-owned by many people.

Even so, there are currently 101,554 Bitcoin accounts worth over $ 1 million or more. Among them, there are 8,110 accounts with Bitcoins worth over $ 10 million.

However, the majority of the accounts are of relatively low value. According to BitInfoCharts, there are currently over 55 million Bitcoin accounts registered on the blockchain. Among them, nearly 45 million are worth less than 100 USD.

In addition, due to the sharp fluctuations in prices, the number of Bitcoin millionaires will also change from time to time. On the 3rd day, Bitcoin price dropped by more than $ 6,500 to below $ 47,700. This is 10% lower than the price on Sunday.

This is the result of Elon Musk’s idle comment on Twitter: “Bitcoin and Ether prices are a bit high!”. In addition to the Bitcoin price plunging shortly thereafter, Tesla’s share price also fell, blowing $ 15 billion of Elon Musk’s fortune to make him no longer the richest man in the world.

Also after this incident, many experts expressed concern when Tesla’s stock was under the influence of Bitcoin.

Investment firm Wedbush analyst Dan Ives said Tesla shares were “tightly tied” to bitcoin after Elon Musk’s firm bought $ 1.5 billion of the cryptocurrency last month.

While Tesla’s bitcoin purchases represent only a “small amount” of the company’s overall cash balance, it is a fact that Wall Street along with its investors have begun to tie bitcoin and numbers. electric vehicle manufacturers’ divisions together, according to Ives.

“Tesla probably made $ 1 billion in paper profits when buying bitcoin in January, more than it would make from the basic auto business in the whole of 2020,” he said. “But the consequence of it is that bitcoin’s sideline performance is likely to eclipse Tesla’s electric car growth story in 2021 and beyond, in the eyes of everyone.”