Number of Bitcoin Millionaires Surges in Early 2025

1. Impressive Surge in Million-Dollar Bitcoin Wallets

According to Finbold's crypto market report for H1 2025, the number of Bitcoin wallets worth over $1 million increased from 155,569 to 182,327 - adding 26,758 new Bitcoin millionaires in just six months.

This growth occurred while Bitcoin’s price hovered between $105,000 and $110,000, indicating strong long-term accumulation behavior among large investors.

2. Q1 Correction, Q2 Rebound

Q1 saw a drop of nearly 14,000 Bitcoin millionaire wallets, attributed to BTC’s price correction. However, Q2 reversed this trend with a rise of over 21,000 wallets - showing a clear wave of accumulation at lower price levels.

3. Why Are Bitcoin Millionaires Increasing Rapidly?

Spot Bitcoin ETFs Attract Institutional Capital

The launch of spot Bitcoin ETFs, such as those by BlackRock and Fidelity, has boosted institutional demand for BTC as part of diversified portfolios.

Crypto Whales Buying the Dip

The early 2025 market dips presented ideal opportunities for whales, ETF funds, and hedge funds to accumulate Bitcoin at discounted prices.

Confidence in Bitcoin as Digital Gold

Rising economic uncertainty, currency conflicts, and inflation concerns have strengthened Bitcoin’s role as a long-term store of value, beyond just a speculative asset.

4. Are Bitcoin Millionaires Signaling a New Bull Cycle?

The rapid increase in Bitcoin millionaires may represent the early phase of the next bull run. Historically, large market uptrends tend to follow periods of silent accumulation by long-term holders.

If this trend continues in Q3 and Q4 of 2025, Bitcoin surpassing $120,000 might be within reach.

5. The Market Still Calls for Caution

Despite the optimistic data, the crypto market remains volatile. Bitcoin has yet to break its $120,000 resistance level, and capital flows remain inconsistent - both of which are critical indicators to monitor.