‘Bitcoin Rich List’ Reaches All-Time High

‘Bitcoin Rich List’ Reaches All-Time High

Please consider using a different web browser for better experience. Please enable JavaScript in your browser for a better site experience. ‘Bitcoin Rich List’ Reaches All-Time High Aug 24, 2020 at 19:27 UTC Muyao Shen ‘Bitcoin Rich List’ Reaches All-Time High There are more than 2,000 addresses holding over 1,000 bitcoin, potentially reflecting increased interest from institutions and high-net-worth investors. The Bitcoin Rich List, or the number of addresses holding all that bitcoin, is at a record high, according to data site Glassnode. Number of Addresses with Balances of 1,000 BTC or More Source: Glassnode At press time, 2,190 addresses contain 1,000 or more bitcoin, according to data compiled by BitInfoCharts . The previous record was 2,184 on Sept. 28, 2019. Bitcoin ‘s price was $11,717, up 0.28% from the previous 24 hours as of 19:15 UTC. The total amount of bitcoin held in accounts of 1,000 or more was 7,868,823 as of press time. That amounts to $92.2 billion. In the wake of the coronavirus pandemic, more investors have been looking into bitcoin and other cryptocurrencies as alternative investments to traditional markets. George Ball, the former chief executive of Prudential Securities and now CEO of Sanders Morris Harris, told Reuters earlier this month that bitcoin or another cryptocurrency is a very “attractive” investment and hinted that many “very wealthy” investors and traders have turned to bitcoin. Read more about… Cryptocurrency Bitcoin Bitcoin Addresses Bitcoin Rich List Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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