Bitcoin has made 70,000 millionaires in 2023!

As the end of 2023 approaches and the cryptocurrency industry is about to enter a new year on a generally positive note, Bitcoin (BTC) has continued to make its investors rich over the past 12 months, turning nearly 70,000 of them into millionaires during that time.

There are currently 97,326 Bitcoin holders holding at least $1 million worth of BTC; this marks an increase of 69,242 or 246.55 percent, compared to the 28,084 people who had BTC worth at least $1 million on January 5, 2023, according to the latest data obtained on December 25.

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Upon further examination of the statistics, it appears that 89,864 of these addresses have Bitcoin balances of over $1 million. At the same time, 7,462 of them held $10 million or more, compared to 24,279 people with $1 million and 3,805 with BTC over $10 million on January 5, 2023.

In the case of the largest BTC holders, it's also worth noting that blockchain data previously suggested a local BTC peak and whales profited, with transactions initiating three whale alerts in December and the average Bitcoin inflow across all exchanges rising to over 15 BTC, as Finbold reported on Dec. 23.

The largest crypto asset by market capitalization changed hands at a price of $43,203 at press time, down 0.9% in the last 24 hours, while rising 5.98% in the previous seven days and gaining 14.56% in the past month, advancing 156.64% on its year-to-date chart.

Overall, Bitcoin has the potential to create even more millionaires, especially if the Bitcoin Rainbow chart surpasses the $45,000 threshold predicted by Jan. 1, 2024. On top of that, the approval of the first spot Bitcoin exchange-traded fund (ETF) and the upcoming halving could contribute to new highs.