Ever since the early Bitcoin (BTC) investors turned into millionaires as the ecosystem grew in popularity along with the spread of the internet, investors around the world have rushed to amass as many as possible of the 21 million BTC – one Satoshi at a time.
With BTC recently trading in the $ 20,000 range for the first time since 2020, retail investors have been given a great opportunity to fulfill their dream of owning at least 1 BTC. On June 20, Cointelegraph reported that the number of Bitcoin wallet addresses containing one or more BTCs increased by 13,091 in just 7 days.
While the total number of addresses with 1 BTC has declined immediately in the coming days, the crypto community on Reddit continues to welcome new cryptocurrency investors who have come a long way to become a whole.
Redditor arbalest_22, who shared the screenshot above, revealed that it took him a total of about $ 35,000 to collect 1 BTC over several months from February 14, 2021. In further support for the Bitcoin ecosystem, Redditor plans to continue continue getting Satoshis or sats so far. it accumulates more than 2 BTC.
Arbalest_22 started buying BTC on the cryptocurrency exchange Coinbase, but later started using Strike due to lower fees. Looking at his plans for the future, he said:
“I hope in the future I can treat it in a more real estate – like way of taking rich deals and borrowing against that collateral. Then, when it becomes clear, I will repay the old one with a new one. Growth, non-taxable income ”.
Similarly, another Reddit user, Evening-Main-5860, also posted about being able to get 1 BTC after a mostly dollar cost averaging (DCA) strategy, in which he regularly bought smaller amounts of BTC over a long period of. time, saying:
“I was able to catch the falling knife and buy enough to cross the finish line. It was not an easy achievement. I’m just an ordinary man with a normal life. “
Between June 15 and June 25, the total number of Bitcoin wallet addresses with more than 1 BTC increased by 873 according to data from Glassnode.
Read also: Google search for “dead Bitcoin” content reaches record high
While the fall in BTC prices is widely seen as an investment opportunity, Google’s search trends highlight the tendency of other investors to speculate about its decline.
A Google search for “dead bitcoin” hit all-time highs over the weekend. pic.twitter.com/oDXNqGEeIL
– Alex Kruger (@krugermacro) June 20, 2022
A Google search for “dead bitcoin” peaked all-time highs over the weekend. pic.twitter.com/oDXNqGEeIL
– Alex Krüger (@krugermacro) June 20, 2022
Google search results show spike in concern for cryptocurrency markets after weeks of relentless fall in asset prices.