This week’s rise in the price of Bitcoin has led to the emergence of many new cryptocurrency millionaires, most of whom, according to research firm Glassnode, are early miners.
Bitcoin hit a new all-time high on Thursday, December 17, breaking through the $2З,000 level. According to Coin Metrics, the cryptocurrency price soared 12% to $2З,421, resulting in a year-to-date gain of over 200%.
Glassnode notes that after the current price spike, the number of addresses with BTC wallets containing at least $1 million has increased by 150% to 66,540 addresses.
Bitcoin’s crossing of the $20,000 mark turned all early miners (who received a 50 BTC reward per block that remained unspent or was lost) into millionaires, the tweet reads.
It is speculated that most of the miners who are now considered millionaires presumably mined the bitcoin block between 2009 and 2012.
Earlier, it was noted that due to the price increase, the number of Bitcoin addresses that went into profit increased by 100%. These are unique addresses where funds purchased at an average offer price (the price at the time of transferring coins to the address) are located, whose price is much lower than the current price.
The jump in prices also led to the liquidation of short positions on exchanges, including Binance, where a number of traders liquidated $94,29З,4З8 in one hour.
All you had to do to become a millionaire today was to mine a single Bitcoin block between 2009 and 2012.
