Finbold's research showed that an average of 154 new Bitcoin wallets holding over $1 million were created daily in last year's crypto boom.
Political events, including Donald Trump's re-election, reportedly added 11,000 new Bitcoin millionaire wallets.
The meteoric rise of Bitcoin (BTC) in 2024 didn’t just
break price records; it also minted new millionaires at an astonishing rate.
With the cryptocurrency surpassing the $100,000 mark in December, an average of
154 wallets holding over $1 million in BTC were created daily, Finbold
reported.
Bitcoin’s journey in 2024 was defined by significant
milestones. Starting the year with momentum from late 2023, BTC first shattered
the $73,000 all-time high (ATH) by mid-year before surpassing $100,000 in
December.
This surge not only rewarded early adopters but also
brought the total number of millionaire addresses to over 153,000, an
impressive 58.21% increase from the previous year, according to data from
BitInfoCharts.
According to the research, by the end of 2024,
approximately 56,325 new Bitcoin wallets held assets worth over $1 million.
This included 48,738 addresses valued between $1 million and $10 million,
alongside 7,587 addresses exceeding $10 million.
Source: Finbold
New Bitcoin Wallets
However, the overall increase in Bitcoin-holding
addresses was more moderate, reportedly growing by 12%, adding nearly 10
million new wallets across all value tiers.
The largest growth occurred among mid-tier holders,
with wallets holding $100 to $999.99, increasing by 3.3 million. Similarly,
addresses holding $1,000 to $9,999.99 rose by 2.6 million. These figures highlight
the growing participation of retail investors alongside high-net-worth
individuals.
Interestingly, 2024’s millionaire wallet growth lagged
behind 2023, which saw nearly 70,000 such wallets added, a 22% higher increase.
This discrepancy highlighted 2023’s stronger relative price gains and investor
enthusiasm as BTC rallied 153% that year, compared to 121% in 2024.
The rise in Bitcoin millionaire wallets doesn’t equate
directly to new individuals entering the market. Factors such as shared
wallets, multi-address holdings, and alternative investment strategies diluted
the effect of BTC’s rally.
Bitcoin Distribution, Source: BitInfoCharts
The approval of multiple spot Bitcoin exchange-traded
funds (ETFs) in early 2024 offered institutional and retail investors new ways
to gain exposure without holding BTC directly.
Factors Driving Growth
Besides this, Donald Trump’s re-election in November,
which reportedly added 11,000 new Bitcoin millionaire wallets, spurred optimism
for a blockchain-friendly policy environment.
Meanwhile, vibrant activity in altcoin and meme coin
markets may have siphoned off some potential Bitcoin investors. Many traders
pursued smaller, high-growth cryptocurrencies, limiting Bitcoin’s new address
growth despite its record-breaking performance.
With Bitcoin achieving unprecedented highs and a new
wave of adoption, 2025 promises to be a pivotal year for the cryptocurrency.
Whether BTC maintains its dominant position or faces intensified competition
from altcoins, its 2024 performance has solidified its role as a key asset in
the global financial landscape.
The meteoric rise of Bitcoin (BTC) in 2024 didn’t just
break price records; it also minted new millionaires at an astonishing rate.
With the cryptocurrency surpassing the $100,000 mark in December, an average of
154 wallets holding over $1 million in BTC were created daily, Finbold
reported.
Bitcoin’s journey in 2024 was defined by significant
milestones. Starting the year with momentum from late 2023, BTC first shattered
the $73,000 all-time high (ATH) by mid-year before surpassing $100,000 in
December.
This surge not only rewarded early adopters but also
brought the total number of millionaire addresses to over 153,000, an
impressive 58.21% increase from the previous year, according to data from
BitInfoCharts.
According to the research, by the end of 2024,
approximately 56,325 new Bitcoin wallets held assets worth over $1 million.
This included 48,738 addresses valued between $1 million and $10 million,
alongside 7,587 addresses exceeding $10 million.
Source: Finbold
New Bitcoin Wallets
However, the overall increase in Bitcoin-holding
addresses was more moderate, reportedly growing by 12%, adding nearly 10
million new wallets across all value tiers.
The largest growth occurred among mid-tier holders,
with wallets holding $100 to $999.99, increasing by 3.3 million. Similarly,
addresses holding $1,000 to $9,999.99 rose by 2.6 million. These figures highlight
the growing participation of retail investors alongside high-net-worth
individuals.
Interestingly, 2024’s millionaire wallet growth lagged
behind 2023, which saw nearly 70,000 such wallets added, a 22% higher increase.
This discrepancy highlighted 2023’s stronger relative price gains and investor
enthusiasm as BTC rallied 153% that year, compared to 121% in 2024.
The rise in Bitcoin millionaire wallets doesn’t equate
directly to new individuals entering the market. Factors such as shared
wallets, multi-address holdings, and alternative investment strategies diluted
the effect of BTC’s rally.
Bitcoin Distribution, Source: BitInfoCharts
The approval of multiple spot Bitcoin exchange-traded
funds (ETFs) in early 2024 offered institutional and retail investors new ways
to gain exposure without holding BTC directly.
Factors Driving Growth
Besides this, Donald Trump’s re-election in November,
which reportedly added 11,000 new Bitcoin millionaire wallets, spurred optimism
for a blockchain-friendly policy environment.
Meanwhile, vibrant activity in altcoin and meme coin
markets may have siphoned off some potential Bitcoin investors. Many traders
pursued smaller, high-growth cryptocurrencies, limiting Bitcoin’s new address
growth despite its record-breaking performance.
With Bitcoin achieving unprecedented highs and a new
wave of adoption, 2025 promises to be a pivotal year for the cryptocurrency.
Whether BTC maintains its dominant position or faces intensified competition
from altcoins, its 2024 performance has solidified its role as a key asset in
the global financial landscape.
Warren Buffett’s Final Day at Berkshire Leaving Behind “Our Favorite Holding Period Is Forever”
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
