Bitcoin’s Rally Is Creating 1,500 ‘Millionaire Wallets’ Daily

Bitcoin’s record-breaking rally appears to be creating around 1,500 new “millionaire wallets” daily, according to crypto analytics firm Kaiko Research.

The wallets are digital addresses on the Bitcoin blockchain, in which users can store cryptocurrency. Data such as the number of tokens a wallet holds is accessible since the network is public and not controlled by any centralized intermediaries. However, the addresses are anonymous, making it hard to distinguish whether they’re controlled by individuals or entities.

WATCH: Bitcoin topped $72,000 for the first time.

Source: Bloomberg

The original cryptocurrency has soared around 70% already this year amid exuberance over surging demand for US exchange-traded funds that were first allowed ...