The number of addresses with a balance of more than 1000 BTC is growing at a pace until 2014

The concentration of capital is growing in the Bitcoin blockchain: the number of addresses containing more than 1000 BTC ($ 8.3 million at the current exchange rate) is increasing at the same rate in 2019 as in 2010-2013.

Bitcoin address balance growth chart, published
analyst Willy Woo shows that the network is now repeating the trend of the earliest years. Wu took the source data from an analytical resource Glassnode.

According to Wu, a new round of growth in the balance of addresses at significantly higher prices than five years ago suggests that wealthier investors are entering the industry. If those who had more than 1000 BTC before 2014, mainly purchased cryptocurrency for technical interest, then the incentives in 2019 are purely financial. Wu concluded:

“It seems to me that Bitcoin is experiencing another renaissance, the engine of which was the inflow of capital from highly profitable investors, while earlier the growth of the balance of addresses was associated with technically savvy users who launched the network.”

The data indicate that the current growth trend in the number of addresses whose balances exceed 1000 BTC, intensified in early 2019.

As reported
in the summer, the number of bitcoins that have been in wallets without movement for more than 5 years has reached record heights – about 21.6% of the coins can be called “untouchable”.