Bitcoins. Destruction of value and fortunes! 75,000 fewer millionaires.

“Whales are underwater – While predictions of Bitcoin (BTC) prices – and predictions of its future bull run – are booming at the start of 2023, its year 2022 has nevertheless been particularly difficult. . Like all crypto-investors, the richest – the “whales” – have seen the value of their cryptocurrencies melt like snow in the sun. Many are even downgraded to “whale calves” or more clearly less than American dollar millionaires.

Bad times for enthusiastic investors in Bitcoin and crypto assets. With a drop in the price of the king of cryptos of -75% compared to its ATH (all-time high) in November 2021, this will have been especially a massacre in the number of millionaire BTC addresses in equivalent US dollars.

As can be seen from the BitInfoCharts table below, there are now only 24,624 Bitcoin addresses carrying more than $1 million in cryptocurrency. But as Cryptopotato especially reminds us, there were almost 100,000 addresses with a similar amount just 1 year ago, in January 2022.

About 75,000 people have been ruined in 2022 with these cryptocurrency stories.

Again, be careful and balanced in your crypto asset purchases, only put in the money you are willing to lose.

Charles SANNAT

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Source Journalducoin here

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