Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    A Simple Guide to Win Crypto Markets

    May 10, 2024

    Tradecurve trading imminent, TCRV may displace apecoin and avalanche

    May 21, 2023

    Lawsuit accuses CZ, Binance of being ‘getaway drivers’ for ‘bad actors’

    August 25, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Will Pi crash or rally in 2025?

      July 11, 2025

      July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

      July 10, 2025

      UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

      July 8, 2025

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025
    • Technology

      SUI Price Targets Breakout as Macro Triangle Pattern Tightens and TVL Tops $2B

      July 11, 2025

      Coinbase partners with Perplexity to unlock real-time crypto data for traders

      July 10, 2025

      Comment on Bitcoin Surges to $110K as Selling Pressure Declines; Is BTC Charting its Way to a New ATH Soon? by Bitcoin Price Prediction: BTC to Hit $145.1K by Year-End and More

      July 9, 2025

      CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

      July 8, 2025

      Dogecoin price double bottoms as whale accumulation continues

      July 7, 2025
    • Learn/Guide

      Best Crypto PR Agencies of 2025

      July 11, 2025

      Coinbase, Perplexity AI join forces to enhance crypto data access for traders

      July 10, 2025

      Top perps DEX GMX hacked for over $40m, $GMX token plunges

      July 9, 2025

      Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

      July 8, 2025

      Plume Network brings real-world yield to TRON’s global payment ecosystem via SkyLink integration

      July 7, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Will Bitcoin Prices Limit And Slow Down The Number Of BTC ‘Wholecoiners?’
    News

    Will Bitcoin Prices Limit And Slow Down The Number Of BTC ‘Wholecoiners?’

    May 22, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin Wholecoiners
    Share
    Facebook Twitter LinkedIn Pinterest Email


    On May 20, Caitlin Long, the founder of Custodia Bank, retweeted and revived an intriguing question posed by Adam Back, CEO of Blockstream, on whether the number of the so-called Bitcoin “wholecoiners” has peaked.

    Is The Number Of Bitcoin Wholecoiners Peaking?

    Her question is when the number of wholecoiners, or individuals holding at least 1 BTC, soared above the 1 million mark last week.

    While the rising number of wholecoiners points to possible adoption and rising BTC demand over time, market forces could end up capping their numbers.

    She reckons that as Bitcoin prices increase, it would be more expensive for a would-be wholecoiner to purchase the asset. Therefore, based on these factors, it may be unlikely that there will be 10 million in the coming years.

    ARE WE AT PEAK WHOLE-COINERS in #bitcoin asks @adam3us? 1M whole-coiners today. Probably couldn’t reach 10M whole-coiners ever tho, bc bitcoin’s price would be bid up too high to reach that given the 21M supply cap… pic.twitter.com/vzRvv2vyAW

    — Caitlin Long ????⚡️???? (@CaitlinLong_) May 20, 2023

    On May 13, Glassnode, an on-chain analytics firm, revealed that the number of addresses managing at least 1 BTC had broken above the 1 million mark and continues to steadily grow.

    This upward trend has remained consistent, weathering the impact of the crypto winter which saw BTC prices crumble from over $69,000 registered in November 2021 to less than $16,000 in Q4 2022.

    Bitcoin price on May 21 | Source: BTCUSDT On Binance,TradingView

    Despite this impressive trend, Long and Adam’s observations may cast doubt on whether this could continue in the long haul, pushing the number of wholecoiners to double digits.

    By design, Bitcoin is deflationary and there will be 21 million BTC to ever circulate. As inflation also reduces due to BTC halving roughly every four years, coin holders expect BTC prices to gradually increase over the years.

    Based on historical performance and increasing crypto adoption, market forces could drive BTC prices higher, making it challenging for more users to own 1 BTC currently trading at over $26,900 as on May 21.

    Less Than 2.5% Of BTC Addresses Are Wholecoiners

    While the number of wholecoiners has been steadily rising, there is a division between long-term investors and short-term speculators.

    Long-term Bitcoin holders have demonstrated resilience during market fluctuations, retaining their positions rather than selling. On the other hand, speculators are known more for exiting for USDT and cash during times of heightened volatility. For their actions, short-term holders or speculators have been labeled as “weak hands”.

    So far, BitInfoCharts data shows that less than 2.5% of all Bitcoin addresses hold at least 1 BTC. As of May 21, addresses with between 1 and 10 BTC stood at 2.1% of the total. Meanwhile, the number of whales, or those holding above 100 BTC represented less than 0.033% of the total addresses.

    Roughly 93% of all Bitcoin addresses held between 0.00001 and 0.0001 BTC.

    -Featured Image From Canva, Chart from TradingView





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Will Pi crash or rally in 2025?

    July 11, 2025

    July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

    July 10, 2025

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025
    Top Posts

    NFT sales plummet 28.9% to $107m, Pudgy Penguins sales drop 80%

    March 1, 2025

    Tokenizing Real Estate: MultiBank’s Role in the Future of Property Investment

    April 17, 2025

    Audi Q4 e-tron: the big reasons why real owners love it

    May 14, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Will Pi crash or rally in 2025?

    July 11, 2025

    July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

    July 10, 2025

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.