Bitcoin (BTC) had an extraordinary year in 2024. During the first six months, it reached a new all-time high of over $73,000, and in December, it broke the psychological barrier of $100,000. This rally brought substantial profits to investors.
Daily Increase in Millionaire Addresses
According to analysis by Finbold, an average of 154 new Bitcoin addresses worth over $1 million were created daily in 2024. This amounted to a total increase of 56,325 such addresses for the year. By the end of 2023, there were just under 97,000 addresses, while by the end of 2024, there were over 153,000—an increase of 58.21%.
The most significant growth was seen in addresses valued between $1 million and $10 million (48,738 addresses) and addresses with over $10 million (7,587 addresses).
Growth in Addresses With Smaller BTC Holdings
While the number of addresses holding more than $1 increased by 12.79%, the overall growth in addresses was substantial—nearly 10 million new addresses, averaging 27,000 daily. The largest growth was in addresses holding between $100 and $999.99 (+3.3 million).
Additional statistics:
$1 to $99.99: +2 million addresses (5,652 daily),$1,000 to $9,999.99: +2.6 million addresses (7,241 daily),$10,000 to $99,999.99: +1.4 million addresses (3,835 daily),$100,000 to $999,999.99: +362,709 addresses (991 daily).

Was 2023 a Better Year for Bitcoin?
Despite the strong growth in 2024, the rate of new millionaire addresses was lower than in 2023. In 2023, nearly 70,000 such addresses were added, which was 22.85% more than in 2024.
The reason could be that the rally began at the end of 2023 when BTC prices rose by 153.21% over 52 weeks. In 2024, the growth was "only" 121.11%, suggesting less initial investor enthusiasm.
Reasons for Slower Growth in Millionaire Addresses
The slower increase in addresses worth over $1 million doesn’t necessarily indicate less interest in Bitcoin but could be influenced by:
Individuals owning multiple addresses: One person can manage several addresses, and conversely, a single address may have multiple co-owners.Spot ETF adoption: In January 2024, the SEC approved several spot Bitcoin ETFs, allowing investors easier exposure to BTC.Political events: Donald Trump’s re-election brought positive market sentiment, leading to the creation of approximately 11,000 new millionaire addresses.Altcoins and meme coins: In 2024, traders heavily invested in alternative cryptocurrencies with the potential for quick and massive gains.
Conclusion
2024 was another pivotal year for Bitcoin, with record-breaking prices and a growing number of addresses. However, factors such as ETFs, political developments, and the rising popularity of altcoins played a role in slowing the growth of millionaire addresses. Future trends suggest Bitcoin adoption will continue, but its dynamics may be influenced by broader market conditions.

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