Bitcoin prices have soared to hit their all-time high value in the last couple of weeks. As the buying momentum in the Bitcoin market paces up, so does wallet activity. According to Bloomberg, 1,500 new wallets are hitting $1 million every day due to the Bitcoin bull run. However, the number still stands below the previous 2021 bull run.
Bitcoin Boom Generates Millionaire Wallets
Bloomberg highlights that approximately 1,500 new “millionaire wallets” are reportedly being created every day as a result of Bitcoin’s historic climb, according to crypto analytics company Kaiko Research. Millionaire wallets are those that hold cryptocurrency worth $1 million. According to Forbes, Crypto wallets securely store and safeguard Bitcoin and other crypto private keys. They enable users to transmit, receive, and spend a variety of cryptocurrencies, including Ethereum, Ripple, Bitcoin, and many more.
The price surge in BTC came after the approval of Bitcoin ETF trading. Back in January when the
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