With the resurgence in value, Bitcoin is concurrently fostering an increase in millionaire holders, especially since January 2023.

As of November 12, the number of Bitcoin millionaires stood at 88,628, signifying a substantial increase of 60,544 from the 28,084 millionaires reported on January 5, according to data retrieved by Finbold.

This surge in Bitcoin millionaires marks a threefold increase in 2023 that is equivalent to a remarkable 215% growth.

Breaking down the millionaires, the number of addresses holding a minimum of $1 million in the crypto sits at 81,962, while addresses with at least $10 million worth of the asset amounts to 6,666.

In contrast, on January 5, 2023, the count of Bitcoin millionaires was 28,084. Among them, 24,279 addresses held a minimum of $1 million worth of BTC.

The surge in millionaires is linked to the rally in the asset’s price, making the currency rise to $37,000 after lingering below the $30,000 threshold for most of the year.