The sharp rise in Bitcoin prices in May 2025 led to the creation of over 26,700 new wallets holding more than $1 million each, highlighting investor interest in the cryptocurrency.
Price Surge and New Millionaires
In May 2025, Bitcoin's price reached $111,970, resulting in the creation of 26,758 wallets with more than $1 million from January to June. The total number of such wallets soared to 182,327.
Impact of Institutional Investors
The price increase was driven by institutional investors and long-term holders who capitalized on the rally. Meanwhile, portfolios related to specific altcoins did not benefit similarly.
Future Trends in Bitcoin Market
Given ongoing institutional interest and potential technical adjustments, future trends impacting Bitcoin and similar digital assets may influence the market further. Historical data suggests that post-halving periods typically lead to price fluctuations and broader financial impacts.
The creation of new millionaires indicates a significant influx of wealth centered around Bitcoin. Market reactions remain focused on Bitcoin, with no immediate regulatory changes in sight.
