The number of Bitcoin 'whole-coiners,' referring to addresses holding one or more Bitcoin, has consistently exceeded 1 million for the past 13 months. This milestone was initially achieved on May 13, 2023, when Bitcoin was valued at $27,000. The number of these wallet addresses peaked on Jan. 1 this year, with over 1,024,000 wallets holding Bitcoin. Despite Bitcoin's price doubling since May 2023, there are still 1,010,800 wallet addresses with one Bitcoin or more. This surge in 'wholecoiner' wallets signifies a notable increase in Bitcoin ownership. However, it's crucial to note that one wallet address doesn't always equate to one individual, as many investors have multiple addresses. Furthermore, a significant amount of Bitcoin is held on centralized exchanges, while a substantial portion is estimated to be 'lost forever.' The growth of 'wholecoiner' addresses has experienced fluctuations over the years, with notable declines during specific periods of market volatility. Read more AI-generated news on: https://app.chaingpt.org/news