Bitcoin (BTC) addresses containing more than 1,000 BTC – worth $ 38.41 million at press time – now stand at an overall high of 2,344, CoinDesk reported on Thursday.
What happened: “Whale” accounts, or accounts with large BTC holdings, have risen 3.7% since December, according to CoinDesk, to 2,221.
Compared to the previous bull market in 2017, large accounts grew by 30%.
According to BitInfoCharts data, there are at least 6,633 addresses that own more than $ 10 million in BTC.
On Wednesday, the combined market value of cryptocurrencies exceeded $ 1 trillion, with BTC alone having a market capitalization of $ 685.76 billion.
In the quarterly review report of CoinDesk Research, it was noted that the decline in Bitcoin seen at the end of December is provoking some interest “for profit among some large holders.
Why it matters: Bitcoin reached an all-time high of $ 40 180.37 on Thursday, yielding 32.35% since the start of the new year.
When Chamath Palihapitiya, chairman of, was asked on CNBC’s rest time program on Thursday where Bitcoin is headed Virgin Galactic Holdings Ing (NYSE: SPCE) said: “probably goes to one hundred then 150 and then 200,000.”
‘In what period I do not know five years, ten years, but it goes there and the reason is because every time you see all these things happen, it reminds you that our leaders are not as reliable and trustworthy as they used to be. has to be, ”said the billionaire investor.
Palihapitiya described the apex cryptocurrency as ‘insurance’ and said it would give people access to an ‘uncorrelated hedge and it would eventually turn into something much more important.’
The “SPAC king” started investing in Bitcoin in 2012 and has since sold all of its individual bitcoins, but instead chose to invest through companies that own cryptocurrencies.
See also: MicroStrategy now owns 70,470 Bitcoin after spending $ 1.1 billion in 2020
Price action: Bitcoin traded 2.84% higher at print time at $ 38,338.34. On Thursday, the Grayscale Bitcoin Trust (OTC: GBTC) closed 2.37% higher at $ 44.97 and the Grayscale Ethereum Trust (OTC: ETHE) closed 1.18% lower at $ 14.61.
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