Bitcoin: all-time high for 0.01 BTC addresses
Bitcoin: all-time high for 0.01 BTC addresses
Bitcoin

Bitcoin: all-time high for 0.01 BTC addresses

By Stefania Stimolo - 3 Nov 2021

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Anthony Pompliano, always at the forefront when it comes to the queen of cryptocurrencies, shared on the social network of crypto-lovers, Twitter, a new all-time high recorded by Bitcoin addresses with at least 0.01 BTC. 

Bitcoin addresses with at least 0.01 BTC exceed 9 million

Based on Glassnode Studio’s chart, renowned crypto investor and influencer Anthony Pompliano wanted to share his thoughts on Twitter.

“We have hit a new all-time high in the number of bitcoin addresses that have a balance of at least 0.01 bitcoin”.

While the exact number is not stated, the total number of Bitcoin addresses with at least 0.01 BTC reach their all-time high (ATH), surpassing 9 million. 

According to Bitinfocharts statistics, among these 9 million Bitcoin addresses, 2.5 million are those containing 0.01 BTC to 0.1 BTC, representing 8.41% of the total BTC distribution. 

Bitcoin addresses
Bitcoin: all-time high for 0.01 BTC addresses

Pomp and the analysis of Bitcoin addresses 

Pomp’s current consideration comes on top of one shared on Twitter late last month, which showed that there are 38 million Bitcoin addresses that have a balance greater than zero

According to the crypto influencer’s analysis, there are more addresses than Bitcoin available, which is why all existing addresses cannot hold a full 1 BTC. 

Furthermore, the supply of Bitcoin has a total of 21 million BTC and is therefore defined as a “scarce” and therefore “deflationary” asset. It follows that for the world’s 7 billion people, it would be easier to be content with owning a few satoshi

Pomp and the trillion-dollar BTC investment strategies

The well-known co-founder of Morgan Creek Digital Asset had also recently addressed US inflation and how Bitcoin is increasingly becoming a “trillion-dollar investment sponge.” 

His theory sees Bitcoin as the solution, as all the large pools of capital have nowhere to go. There are no viable alternatives to counter US inflation. 

In this regard, a few hours ago, Pomp also reportedly commented on the US President’s video, questioning his motives regarding inflation. 

“The President of the United States seriously believes food prices are increasing because companies are price gouging and breaking federal law. Bitcoin is going to a gazillion”.

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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