The number of Bitcoin millionaires has surged in the year since Donald Trump was confirmed as winner of the 2024 US presidential election, according to new on-chain data analysed by Finbold Research.
Between November 2024 and November 2025, the number of Bitcoin (BTC) wallet addresses holding at least $1 million in BTC rose by 44,783, marking a 33.8 per cent increase. On average, that equates to around 3,700 new millionaire-tier wallets every month.
As of 5 November 2025, blockchain analytics show 156,705 addresses hold between $1 million and $9.99 million in BTC, up from 120,851 a year earlier. Another 20,626 addresses now hold more than $10 million each, nearly doubling from 11,697 in 2024. Combined, roughly 177,300 Bitcoin wallet addresses now qualify as “millionaire-tier.”
The expansion of the “Bitcoin rich list” came during a year of sharp rallies followed by renewed volatility. On election day in 2024, Bitcoin traded near $69,000. Optimism around a friendlier US policy stance toward digital assets helped push prices to a record $126,000 in October 2025 before a correction saw BTC briefly fall below $100,000 this week.
The market upswing has coincided with what analysts describe as a shift in Washington’s tone on crypto. Since returning to the White House, President Trump has pledged to make the US a leader in Bitcoin and digital-asset innovation, promoting clearer regulation and domestic mining expansion as key policy goals.
Jordan Major, Lead Research Editor at Finbold, said the data suggests sustained long-term accumulation by larger investors: “The growth in millionaire-tier Bitcoin addresses during a year that included both strong gains and deep pullbacks shows that accumulation has continued among larger holders. Despite volatility, high-net-worth participants appear to be positioning for long-term exposure rather than short-term trading outcomes.”
Diana Paluteder, Finbold’s Head of Content, added that while some individuals control multiple wallet addresses, the underlying trend is significant “The rise points to greater concentration of Bitcoin among wealthier holders and institutional entities. It underscores Bitcoin’s continuing appeal as a strategic store of value within diversified portfolios.”
Bitcoin’s growing millionaire-wallet segment will remain a key indicator of investor confidence heading into 2026. Analysts expect regulatory clarity, expanding institutional adoption and macroeconomic positioning to shape the next phase of capital inflows — and to determine whether this year’s new class of crypto millionaires can hold onto their gains.
Read more:
44,000 new Bitcoin millionaires added since Trump’s election win, new research shows
