70,000 BTC millionaires let off steam in 2022
70,000 BTC millionaires let off steam in 2022
With the turnover of the new year, the predictions of the Bitcoin price analysts are out. In the meantime, an investigation of the damage from the lengthy crypto winter 2022 less BTC wallet addresses with Bitcoin worth 1 million
The last all -time high from Bitcoin (BTC) of $ 68,789 on November 10, 2021 was over a year. Since then, today's fair market price on crypto exchanges has been around $ 16,900 Coinwar the Bitcoin price compared to the record high.
That was only 13 months ago, but the return of the investment depends entirely on the individual cost basis and whether the current prices of BTC is a loss or profit. They have remained constant under $ 20,000 since September. The crypto prices in all markets continue to take massive depreciation because more and more bad news about CEFI insolvencies and defi hacks are known.
Bitcoin price forecast for 2023 are available
Since the price has fallen in all the past twelve months and since the ATH in November 2021, investors are looking for this recreation rally. Before September, they hoped that the strong psychological support would remain at $ 20,000 up to another bull market.
Now they only hope that they can make it to $ 20,000. While the regulatory consensus is strengthening, institutional investors with deep pockets are ready to boost the assets of the BTC markets.
A analyst estimate that made a name for himself by Mark Mobius, who has made a name for himself with the trade at Franklin Templeton Investments, that the Bitcoin price will decrease by a further $ 70 %. He supports his estimate on rising interest rates and a tightening of central bank policy in the course of next year.
However, other analysts have optimistic bullish forecasts. From $ 50,000 to Q3 or Q4, according to Prof. Carol Alexander (Sussex University), they range up to $ 250,000 per BTC, according to risk capital providers Tim Draper.Draper argues that when women start adopting bitcoin, the price triggers this monshot movement. He expects it, he says, until mid -2023:
"My guess is that the dam will break because women control 80 % of retail expenses and only 1 out of 7 Bitcoin money exchanges are currently held by women."
In the meantime, the on-chain data show a drastically different Bitcoin ecosystem than the one that was bursting with capital and volume during the bladder that ended in 2021.
on chain data dark for investors
It looked different in May 2021 when the crypto summer was still raging. At that time, the entire market capitalization of Bitcoin was $ 1 billion.At that time, on-chain data showed that the number of Bitcoin addresses with Bitcoin worth $ 1,000,000 or more had exceeded the 100,000 threshold.
This corresponds to an increase of 400 % compared to the level of 25,000 five months ago.
Today it's a different story. There are now 70,000 fewer Bitcoin addresses that hold a million USD or more of the gold standard cryptocurrency last year. While the blockchain started with over 99,000 millionaire addresses in 2022, it occurs in January 2023 with around 24,391 millionaire wallet addresses.
That doesn't necessarily mean that there are much fewer millionaires. It is possible that you have distributed your stocks over several addresses.
But overall it is due to the freezing of crypto prices. If you return with re -interest from private investors and professional investors, especially at large institutional funds, these numbers will increase again.
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