RATE Group | Stacking Sats? Small Bitcoin Holders on the Rise, Data Suggests
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Stacking Sats? Small Bitcoin Holders on the Rise, Data Suggests

28 Apr Stacking Sats? Small Bitcoin Holders on the Rise, Data Suggests

Posted at 22:02h in Bitcoin News by

New data support the assertion that small bitcoin investors are multiplying rapidly. And anecdotal evidence suggests that much of the growth is taking place in the U.S.

The number of network addresses holding at least 0.1 BTC has continued to hit new all-time highs, climbing to 3,010,784 on Monday, according to data from Glassnode. At the time of publication, 0.1 BTC is worth $770.

These addresses began to increase exponentially around mid-February, coinciding with Federal Reserve Chairman Jerome Powell’s suggestion to lawmakers that the central bank lacked sufficient firepower to fight the next recession.

bitcoin-addresses-with-balance-%e2%89%a5-0-1
Bitcoin addresses with at least 0.1 BTC.
Source: Glassnode

Inferring definite conclusions about market activity from on-chain metrics is difficult. A user can control multiple addresses, for example, so not every new address represents a new investor. Also, the number of bitcoin wallets with at least 0.1 BTC has grown gradually but consistently after dipping significantly during…

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