Record 8 Million Bitcoin Addresses Now Hold Over $1,000 Worth of BTC, Signaling Growing Adoption
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The number of blockchain addresses holding at least $1,000 worth of bitcoin has hit a record high of 8 million.
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This equates to addresses holding 0.028 BTC or more at the current price.
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Blockware Solutions says this number could grow exponentially as bitcoin continues to monetize.
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Monetization refers to creating income potential from a non-revenue generating asset.
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If millions of addresses contain thousands of dollars of BTC, that's tremendous purchasing power.