Nearly 2,000 Bitcoin millionaire wallets are created every day this cycle and can continue to grow!!!
According to data from research firm Kaiko, nearly 2,000 Bitcoin millionaire wallets are created every day, although still much lower than the 2021 Bull run when more than 4,000 wallets reached the million dollar mark each day. The research firm also claims more than 2,000 wallets reached $10 million per day during the recent bull run.
The number of Bitcoin millionaire wallets is expected to continue to increase as this bull market continues. Analysts have predicted that the bull market will peak around September or October next year. Factors such as the approval of a spot Ethereum ETF are expected to trigger more price increases for Bitcoin and altcoins.
Furthermore, more tokens are expected to have ETFs this cycle, especially with the approval of the Ethereum ETF, meaning more capital will flow into the crypto space. Meanwhile, the US election is also expected to have a positive impact on this bull market as Donald Trump has affirmed his pro-cryptocurrency stance.
More crypto millionaires are expected to be created in this bull run than in previous bull runs, thanks to rising memecoin adoption levels during this market cycle. Earlier this year, memecoin trader Solana made nearly $11 million by investing $1,800 in Dogwifhat (WIF). Another group of Solana memecoin traders reportedly made $8 million in 24 hours with an initial investment of $6,400.
