Mar 12, 2024

According to data tracked by Kaiko, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The current Bitcoin bull run is breeding millionaire whales at a slower pace. According to data tracked by Ko there are currently less than 2000 millionaires or wallets with $1 million worth of Bitcoin created daily significantly lower than the 2020 2021 bull run. The slower pace could indicate a few things according to Kio like new capital is yet to arrive in full force. Large whales are may taking profit as Bitcoin hits new highs and whales could be storing their holdings with custodians rather than in personal wallets. Bitcoin is relatively flat at around $72,000 as of 9:30 a.m. Eastern time and the coin desk 20 index is also relatively flat on the day. That's it for today's chart of the day. I'm Jen San Asi. We'll see you next time to unpack more of the data behind top news stories.

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