26,700 New Millionaires Were Made When Bitcoin Rallied to $111,970 in May, 182,327 BTC Wallets Over $1 Million

• A total of 26,700 new millionaires were made when Bitcoin rallied to $111,970 in May.
• Data confirms that over 182,327 wallets are holdin BTC worth $1 million. 
• Several dormant BTC wallets are awakening, possibly bullish signs.

Bitcoin, the pioneer cryptocurrency, is revered as one of the only few promising assets in the world that can make anyone a millionaire, with no barriers to entry. To highlight, 26,700 new millionaires were made when Bitcoin rallied to the ATH price of $111,970 in May. That moment marked a total of 182,327 Bitcoin (BTC) wallets that were holding a total amount of BTC worth $1 million. 

26,700 New Millionaires Were Made When BTC Rallied 

Ever since the legendary Satoshi Nakamoto launched the Bitcoin whitepaper, the world as we knew it was set to change. Which blockchain technology already offered a mesmerising portal to new opportunities, its impact on the global population was great only because of Bitcoin’s arrival. This is because Bitcoin (BTC) was created to disrupt the financial sector and the banking systems we knew it.

To highlight, Nakamoto and his iconic drop of the Bitcoin network and his philosophy drew the attention of several visionaries across the world. While the earliest ones joined the Bitcoin network and began to mint Bitcoin, others were inspired by Bitcoin’s mission and set off to launch something similar, networks that could do and promise more than the Bitcoin network in its initial stages. 

What happened next was incredible, a web3 revolution had begun, and Bitcoin was at the lead. One of its most fundamental philosophies was that Bitcoin was there to allow everyone an equal chance to fulfil the ultimate dream of financial independence, without having to face any barriers to entry. Soon, cryptocurrencies were showing promise and great potential , one that rapidly started to overtake traditional financial trading and investing options. 

Dormant Bitcoin Wallets Awaken 

Bitcoin was being adopted by mainstream financial institutions and earned the title of Digital Gold. Soon, everyone wanted to hold a share of an asset that could one day make them millionaires without having to wait a lifetime. As we can see from the post above, many waited a long time to see their BTC holdings turn into generational wealth and a secure door for financial freedom.

In the pursuit of unlocking generational wealth, more and more interested parties around the world began to invest in Bitcoin (BTC). While early adopters are known as BTC whales and move billions worth on BTC, others joined a few cycles later, steadily accumulating BTC no matter its current price to reap the rewards. In detail, Bitcoin’s rally to $111,970 in May created 26,700 new millionaires, bringing the total to 182,327 wallets worth over $1 million.