Key Takeaways
- The “Bitcoin Millionaire Club” received an additional 40,000 new entrants in May as BTC’s price shot beyond the $100K mark.
- The number of millionaire crypto wallets has risen from 137,157 to 176,525 in 30 days.
- The Bitcoin millionaire increase surpassed January highs, signaling a sentiment shift beyond price movement alone.
For good reasons, Bitcoin, the flagship cryptocurrency, is again making headlines. The digital currency took a strong trajectory with a price of over $104K and seems headed to another all-time high, and the number of Bitcoin millionaires has exploded.
According to a report by Bitinforcharts, the number of Bitcoin addresses holding at least $1 million worth of crypto rose from 137,157 on April 9, 2025, to 176,525 on May 9, 2025. This means that in less than one month, there were an additional 39,368 new Bitcoin millionaires.
There Could be Many More Millionaires
The growth in BTC millionaires highlights the potential profitability of the crypto trade and the possibility of achieving significant profits when conditions are just right. Despite the ongoing market volatility, the report further indicates that investors who have learned expert ways to respond to price fluctuations can have the skills to increase their crypto holdings considerably within a short time.
The report further reveals that the majority of the new Bitcoin millionaires held between $1 million and $9.99 million worth of BTC. Moreover, out of the 157,383 addresses, at least 13,589 addresses hold digital assets worth over $10 million. Nonetheless, since some individuals could manage multiple wallets, there was every chance that the number of Bitcoin millionaires was even higher than the report suggested.
Crypto Market Undergoing Transformation
According to analyst CO-Young Ju of CryptoFunt, there was every likelihood that more Bitcoin millionaires could be added soon, a sign that the bull market was continuing. Ju had predicted the end of the bull market two months ago but has since written on social media platform X to admit that he was wrong.
Analyst Ju suggested that the cryptocurrency market was undergoing a basic transformation. The traditional old whales are no longer determining the prices, but miners and retail investors influence the BTC price. Ju further added that mainly exchange-traded funds (ETFs) and spot exchanges traded mostly by institutional investors would determine prices in the future. He further argued that “This is not bullish or bearish,” adding that the future period could have to show whether Bitcoin will truly adopt the new parabolic phase.
Conclusion
The report on the growing number of Bitcoin millionaires goes beyond millionaires to include cent-millionaires, meaning those whose Bitcoin addresses hold over $100 million or more in cryptocurrencies, slightly above 300 individuals. Previous reports have revealed that the growth mainly takes place in jurisdictions like Singapore and UAE, where governments are favorable to crypto and taxation is seen as fair.
Frequently Asked Questions
Can I become rich with Bitcoin?
It’s still possible to make money with Bitcoin. You can choose between trading, lending, and holding it to earn. While returns aren’t guaranteed on this volatile asset, just as you can make money as the price goes up, it’s also possible you could lose money if the price goes down.
Which crypto can you trade to become a millionaire?
Based on research, the two primary millionaire-maker cryptocurrencies are Bitcoin and Ethereum. HODLing would be the best strategy so that if for example, you invested like $10,000 today when the price of BTC is around $100K, and the price of BTC rose rapidly, you stand the chance of becoming a crypto millionaire. Alternatively, if you own 1 BTC and the price of Bitcoin hits $1 million, you could potentially become a millionaire.
Has anyone made money from Bitcoin?
Most top Bitcoin billionaires have become rich by creating products and services to grow the cryptocurrency ecosystem. The overall price increase has also made millions for people who bought and held their bitcoins.
