The number of Bitcoin millionaires has climbed sharply over the past year, with new data suggesting a surge in high-value investors since Donald Trump’s victory in the 2024 US presidential election.
According to on-chain analysis by Finbold Research, the number of Bitcoin wallet addresses holding at least $1 million worth of BTC rose by 44,783 between November 2024 and November 2025 — a 33.8 per cent increase. This translates to around 3,700 new millionaire-level wallets each month over the past year.
As of November 5, 2025, data shows that 156,705 addresses now hold between $1 million and $9.99 million in Bitcoin, compared with 120,851 a year earlier. An additional 20,626 addresses hold over $10 million each, almost doubling from 11,697 in 2024. In total, roughly 177,300 Bitcoin wallets now qualify as millionaire-tier.
The increase comes amid a volatile year for the world’s largest cryptocurrency. On election day in 2024, Bitcoin was trading around $69,000. Optimism over a more crypto-friendly US administration helped fuel a rally that sent prices to a record high of $126,000 in October 2025, before a correction saw BTC briefly fall below $100,000 this week.
Market analysts say the rise in millionaire wallets reflects growing confidence among large investors despite short-term fluctuations. Finbold’s Lead Research Editor, Jordan Major, said the figures highlight sustained long-term accumulation. “The growth in millionaire-tier Bitcoin addresses during a year that included both strong gains and sharp pullbacks shows that accumulation has continued among larger holders,” he explained. “Despite volatility, high-net-worth participants appear to be positioning for long-term exposure rather than short-term trading outcomes.”
Finbold’s Head of Content, Diana Paluteder, noted that while some individuals may control multiple addresses, the broader trend points to a consolidation of wealth among wealthier investors. “The rise points to greater concentration of Bitcoin among affluent holders and institutional entities,” she said. “It underscores Bitcoin’s ongoing role as a strategic store of value within diversified portfolios.”
The rally has coincided with a noticeable shift in Washington’s tone toward digital assets. Since returning to office, President Trump has vowed to make the United States a global leader in Bitcoin and blockchain innovation, advocating for clearer regulations and expanded domestic mining operations.
Analysts suggest the growing number of Bitcoin millionaires signals enduring confidence as the market enters 2026. Factors such as regulatory clarity, institutional participation, and broader economic trends are expected to determine whether this new wave of crypto wealth can withstand the next cycle of market volatility.
