Bitcoin’s Recent Slide Wipes Away Millionaires
Published by
The Street
The Street
By Dan Weil The number of addresses with a bitcoin balance of at least $1 million dropped 24% between Oct. 28 and Jan. 26. Bitcoin giveth, and bitcoin taketh away–especially when it comes to minting fortunes. The number of addresses with a bitcoin balance of at least $1 million totaled 87,953 as of Wednesday, down 24% from 116,139 Oct. 28, 2021, according to Finbold (Finance in Bold) news service. Of those totals, the number of addresses with balances of at least $10 million fell 32% to 7,008 Wednesday from 10,319 in October. The culprit for all these people losing their wealth, of course, wa…