Bitcoin Millionaire Wallets Surge in 2023 Despite Bear Market
- Number of Bitcoin wallets with $1M+ balances has tripled in 2023 to over 81,000
- Data shows 237% increase in millionaire wallets this year
- Peak number of $1M+ wallets was in Nov 2021 bull market at 112,573
- Number of "wholecoiner" wallets with at least 1 BTC has also increased
- Bitcoin currently trading around $37,100, up 38% in past month
- Rise attributed to market excitement around upcoming spot ETF products