Donald Trump’s 2024 election victory has created over 11,000 new Bitcoin millionaires.
In response to information from Finbold, the variety of Bitcoin wallets valued at $1 million or extra rose to 132,842 on November 6, as Bitcoin costs elevated by 7.8% in simply 24 hours.
Final month, there have been 121,061 Bitcoin addresses price over $1 million. This determine has now grown by 11,487 wallets, indicating important wealth features amongst Bitcoin holders, per Finbold.
On the time of writing, Bitcoin (BTC) has handed its all-time excessive and is at present buying and selling at $75, 428.
Can Bitcoin go larger?
This spike follows a robust month for Bitcoin, which has risen 20% over the previous 30 days. With Trump’s win and an awesome lead within the electoral faculty, Bitcoin noticed renewed curiosity and broke previous earlier excessive costs.
Analysts counsel that Trump’s pro-crypto stance would possibly result in a supportive regulatory shift, doubtlessly boosting market circumstances. Technical analyst Gert van Lagen predicts Bitcoin might attain $250,000 by early subsequent 12 months.
