Number
of Addresses With Over 1,000 BTC Hits New All-Time High
The number of Bitcoin addresses
with over 1,000 BTC (around $11.5 million) in them has hit a new all-time
high of 2,190, with over 7,868,823 BTC being held on these addresses. This means
those in the so-called Bitocin Rich List have over $92 billion worth of the
cryptocurrency.
The previous record, of 2,184
addresses with over 1,000 BTC, was seen on September 28, 2019. The increase
in addresses on the ‘Rich List’ shows increased interest from institutional
investors, which have been betting on BTC amid the coronavirus pandemic and
the government’s response to it.
Speaking to Reuters George Ball, former chief
executive of Prudential Securities and now CEO of Sanders Morris Harris, said
bitcoin or another cryptocurrency are very “attractive” now, and hinted many
“very wealthy” investors and traders turned to bitcoin.”
Billion-dollar business
intelligence software firm MicroStrategy has, earlier this month, made a massive $250 million bet on bitcoin,
investing in the cryptocurrency as part of its capital allocation strategy.
