From the time Bitcoin (BTC) was introduced in the financial market until today, one question has always perplexed every investor – the number of people who are millionaires and billionaires due to the cryptocurrency. Well, the actual number of people who may be super-rich is not yet known or may never be known, but some data is certainly there regarding the millionaires. There are more than 13,000 Bitcoin (BTC) addresses that are more than $1 million. As reported here, these are only the BTC addresses, and the exact number of people is still not very clear. However, there are some interesting facts regarding this data that must also be shared here. Keep reading to know more how to trade bitcoin.

• A Bitcoin millionaire will have at least 107 BTCs – At the current costs, it takes around 107 BTC for an address to become a millionaire in dollars. Since this measurement is attached to the dollar cost of Bitcoin, it can, in general, fluctuate to a large extent. For correlation of this data, the number of addresses that have a minimum of 100 BTC enjoys very little volatility. Therefore, what is also means is that a mere seven BTC can increase the volatility of Bitcoin to a large degree. 

But, that was not the case earlier when Bitcoin was introduced. To be honest, no one may have ever imagined that the cryptocurrency would rise so steadily. Initial optimistic investors may have invested a large fortune at that time, which may have appreciated over the years because, at its current prices, it can be unthinkable to invest such a huge sum.

• Addresses that are rich in BTC – We can see that the number of addresses with amounts of over $1 million hit a record high during the 2017 bull-run.At the same time, addresses with 100 BTC remained unaffected to a great extent. It can be only a handful of indicators in Bitcoin that has displayed minimum variance over all the years that the cryptocurrency has been in the market. Thus, addresses over $1 million are the ones that lead the pack in all spheres of the Bitcoin market.

Another conceivable explanation is that a portion of these addresses is constrained by various elements like owners and exchanges. They may not like to wander from a planned strategy distribution of their Bitcoin, and that is why the huge numbers stay intact for so long periods. It should also be noticed here that there is more than a million Bitcoin, which were likely mined by Bitcoin founder, Satoshi Nakamoto. These coins have not moved in more than ten years. However, the number of people associated with them is not known yet. 

• The exact number of Bitcoin millionaires – It has always been a question of intense speculation as to the exact number of Bitcoin millionaires who are present in the system. Actually, no one has the least idea about this number. To find out the exact number,the number of people or entities that control these 13,290 locations is very important because there is the whole catch! This number could hypothetically lie anywhere in the range of 1 and 13,290. 

In spite of the fact that it is possible to apply investigation heuristics to Bitcoin addresses and exchanges to limit this number in a fair manner, no complete informational index is right now accessible. But it is not that in the near future we still may not know. There are some good possibilities to arrive at this number, even if not fully but very near to the exact one.

One thing that does come out from this discussion is that possessing Bitcoin can be a sort of gamble, and many investors out there took that risk initially. These investors can be in the form of individuals or organizations. But either way, a high element of risk was always there that they took, and the gamble paid off very well as we can see today. Moreover, many new millionaires can also come to the fore as BTC matures with time because addresses that possess more than 100 BTCs have a real chance of becoming millionaires. Additionally, it can happen as soon as within a year due to the promise that the virtual currency is displaying at the moment.