The number of Bitcoin wallets containing at least 1 satoshi has reached a record level.
This follows an increasingly bullish year for The News Spy as institutional investors became more involved.
Portfolios containing more than 1 BTC and Ethereum portfolios with non-zero balances also reached an all-time high.
The Trust Project is an international consortium of media organizations based on transparency standards.
As Bitcoin continues to try to surpass its record price, we see another positive measure in its ecosystem: the number of portfolios with a BTC balance greater than zero.
As of December 12, the number of portfolios with a non-zero BTC balance reached a new historical record (ATH) of 32,925,521. This beats the previous record of 32,925,198 reached the day before. This data was collected and plotted by Glassnode, which monitors measurements and on-chain exchange flows.
Bitcoin $BTC The number of non-zero addresses just reached an ATH of 32,925,521
The previous ATH of 32,925,198 was observed on December 11, 2020.
A positive sign for the crypto space
This news of a record number of non-zero Bitcoin accounts is a very positive sign in space. It shows that more and more users are creating portfolios and actually depositing Bitcoins into them. It also indicates that users are interacting with the network.
Glassnode further pointed out that the number of Bitcoin addresses holding at least 1 BTC has also reached a new historical record with 825,988 addresses, as recently as December 11th, one day before the aforementioned ATH.
In addition to these statistics, according to Chainalysis Chief Economist Philip Gradwell, portfolios of more than 1,000 BTCs (with a current value of approximately $19 million) have also increased by 17% in 2020, indicating increased intention on the part of individual and institutional investors.
What about ETH?
These historic highs are not only observed in the Bitcoin ecosystem, but also at Ethereum. Glassnode reports that the number of Ethereum addresses holding non-zero amounts has surpassed its historical record, totaling 50,476,989 portfolios. As for the Bitcoin portfolios, the previous record of Ethereum addresses with a non-zero balance was reached on December 12. This indicates that new records are expected for both cryptomoney portfolios.
When looking at the graphs for the non-zero addresses in the Bitcoin and Ethereum portfolios, the graph shows exponential growth. However, the graph detailing addresses holding more than 1 BTC appears to follow a linear growth pattern.
Rising crypto prices and interest in them
Last year, we have seen a gradual growth in the entire cryptographic industry. Major digital currencies such as bitcoin and ether have doubled or tripled or more. This growth is due to a wide variety of factors. Global economic instability has a large influence. More narrowly, there is interest in Bitcoin as a reserve asset/inflation hedge, the launch of Ethereum 2.0, and much more.
All of these factors have led to an overall increase in the market capitalization of the cryptographic industry. It is therefore natural to see the number of usable portfolios increase as well. All these signs indicate a healthy and constantly growing ecosystem.