Over a decade since the most valuable cryptocurrency, Bitcoin (BTC), was launched, the digital asset has recorded significant growth in the number of holders.
New investors who show interest in trading or holding cryptocurrencies most likely start with Bitcoin before trying their hands on other digital currencies, including altcoins.
The increased patronage of the popular cryptocurrency has resulted in a spike in the number of active addresses using BTC as data from on-chain market intelligence platform, Glassnode Studio reveals there are more than 30 million addresses on the Bitcoin network.
This is a new record for the coin and according to Glassnode, the amount consists of BTC addresses with at least a fraction of the asset.
Even though the number of new daily active BTC address recorded a significant drop over seven days, it got a 4.6% (48,729) boost within the last 24 hours, thus bringing the total active addresses on the network to 30,060,179.25.
A closer look at the number of active BTC addresses with a balance of 1,000 BTC, revealed that only 2,134.38 addresses currently hold that amount, with the value having just a 0.02% surge within the last 24 hours.
Only 42 addresses control 11% of BTC supply
Further statistics provided by leading cryptocurrency intelligence data provider, IntoTheBlock (ITB) reveals that despite the data shown, only 42 addresses control 11% of the BTC in circulation.
This amount comprises both whales and investors’ addresses. According to ITB, whales are addresses that own more than 1% of the total circulating supply, while investors are addresses holding between 0.1% to 1% of BTC circulating supply.
At the moment, there is only one whale address controlling 1.39% (255,500) BTC in circulation, while 41 investors control 9.43% (1.73 million) BTC in circulation.
The quest for new investors to adopt BTC in the future keeps gaining traction as notable figures globally are gradually showing interest in the cryptocurrency.
Coinfomania reported earlier that Christie Pearce Rampone, the former captain of United States Women’s National Soccer who is also a 2-time Women’s World Cup winner and 3-time Olympic gold medalist bought her first units of Bitcoin while hoping to learn more about cryptocurrencies so she can educate her two daughters.
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