Number of Bitcoin Wallets With At Least 1 BTC Could Soon Hit a Million – How Could That Impact the BTC Price?

Bitcoin bear markets are almost always viewed in a negative light. Net worth evaporates and more recent investors in the world’s largest cryptocurrency by market capitalization often find themselves deeply in the red on their initial investment. Learn more

But 2022’s bear market looks to have been a boom for one particular investor cohort. That is, the cohort of retail-sized crypto believers looking to get their hands on at least one BTC token.

The FTX collapse dealt a severe blow crypto investor confidence in depositing their assets in centralized entities, hence the rapid shift towards crypto self-custody.

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