The increase in millionaire wallets is alluded to early Miners hodling their Bitcoin over the years. However, not every investor has made out like a bandit, some missed out on this parabolic rally. In August, Barstool Sports founder Dave Portnoy reported selling his Bitcoin holdings and potentially missed out on doubling his $200,000 BTC investment. Portnoy had bought his holdings when the BTC price was below $12,000.
The number of BTC addresses holding at least $1 million by Glassnode
Will the Market Present a Second Chance to Buy BTC Below $20K Again?
Bitcoin presently trades at $22,832 after setting highs of $23,776.94.
“Settle in, because we will be visiting the $20-$22K level at least half a dozen times before we break through to the $30K range later in 2021,” he said. “I do think we will also re-test the $14-16K levels either over a weekend with low volume or with bad news hitting the street. That will probably be the last time most of us will have a chance to buy Bitcoin below $20K levels ever again.”