In the first half of 2025, Bitcoin’s meteoric rise has created a new wave of over 26,000 new Bitcoin millionaires, over 26,000 new wallets holding at least $1 million in value, according to Finbold’s H1 2025 Cryptocurrency Market Report.
Over 26,000 New Bitcoin Millionaires Emerge in 2025
This remarkable growth, which saw the number of millionaire wallets climb from 155,569 to 182,327 by June 30, underscores Bitcoin’s enduring appeal and the market’s robust recovery after a volatile start to the year.
The first quarter of 2025 saw a surprising dip, with 13,942 fewer millionaire wallets by March 31, as Bitcoin’s price faced downward pressure. This included a loss of 12,687 wallets holding $1 million and 1,255 holding over $10 million.
However, the second quarter marked a dramatic turnaround. By June, 21,589 new wallets crossed the $1 million threshold, and 5,169 joined the $10 million club, reflecting a net gain of 26,758 millionaire wallets in just six months.
This surge mirrors the aggressive accumulation seen during the 2021 bull run, signaling strong market confidence.
The factors fueled this growth.
The April 2025 Bitcoin halving, which reduced mining rewards from 6.25 to 3.125 BTC, reinforced the cryptocurrency’s scarcity narrative, pushing its price to a peak of $111,970 in May.
Additionally, the launch of U.S. spot Bitcoin ETFs in 2024 opened the floodgates for institutional investment, with firms like BlackRock and Fidelity leading the charge, managing billions in Bitcoin assets.
These ETFs have made it easier for both retail and institutional investors to gain exposure to Bitcoin without navigating crypto exchanges, driving demand.
The resurgence of high-value wallets also reflects strategic buying during early 2025 market dips, as wealthy investors and crypto-native firms capitalized on lower prices. While each wallet doesn’t necessarily represent an individual, the trend highlights significant accumulation by major players.
Analysts suggest this momentum could carry into late 2025, with some predicting Bitcoin could hit $200,000 by mid-year, driven by continued institutional interest and a favorable regulatory environment. As Bitcoin cements its role as a store of value, 2025 is shaping up to be a transformative year for the cryptocurrency.
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