Trump’s White House return wipes out 34,000 Bitcoin millionaires in Q1 2025 – London Business News | Londonlovesbusiness.com

Date:

Share:


Finbold’s Q1 2025 Cryptocurrency Market Report revealed that, between the January 20 inauguration and March 31, 34,737 Bitcoin (BTC) millionaire addresses were lost, for a total decrease of 19.70% of BTC wallets worth over $1 million.

Specifically, there were 176,364 BTC millionaires when Trump took office, with that number crashing to 141,627 at the end of the first quarter (Q1) of 2025.

Of these, addresses with between $1 million and $9.99 million worth of Bitcoin accounted for 30,000 losses. Simultaneously, the number of those with more than $10 million worth of the cryptocurrency collapsed by 4,737.

Crypto market optimism and turmoil under Donald Trump

The decline in the number of Bitcoin millionaires since Trump returned to the White House is a clear example of the difference between what was expected from the President-Elect and what the President delivered in the initial months of his term.

Indeed, Donald Trump’s re-election triggered a massive crypto rally, and by November 6, there were 11,000 more BTC millionaire addresses than just one month earlier.

Furthermore, between the victory and the inauguration, the number of Bitcoin millionaires increased by 43,816, showcasing the optimism prevalent at the time.

The Trump crypto bull cycle’s lasting impact

Still, as Jordan Major and Andreja Stojanovic, co-authors of the research, pointed out, the bullish sentiment has left a resilient mark:

“Despite the turmoil and the disappearance of nearly 35,000 BTC millionaires since the Inauguration, some of the initial optimism surrounding Trump’s White House return was still evident at the end of Q1 2025, with 9,079 more millionaire Bitcoin addresses than there were on November 6, 2024.”

It’s important to clarify that a single investor may control multiple Bitcoin addresses, while in other cases, several individuals may consolidate all BTC assets into one address.

Lastly, the changes in the total number of wealthy BTC addresses do not indicate complete entries to and exits from the crypto market under Trump, as Bitcoin’s price performance has, for the most part, seen similar fluctuations in Q4 2024 and Q1 2025.



Source link

━ more like this

Ukraine urges hundreds of companies to help with air defences and drones – London Business News | Londonlovesbusiness.com

Ukraine intends to attract more than 30 countries and is looking for several hundred companies to help with drone and air defence production. Speaking...

Disney and ITV partner up to show each other’s shows on their streaming services

Disney and the British free-to-air broadcaster ITV have launched a new partnership that will allow them to show each other’s shows in an...

Beyond payments: How QR codes are reshaping everyday spending in 2025 – London Business News | Londonlovesbusiness.com

QR code payments have expanded far beyond splitting dinner bills or paying for coffee. Today, they unlock discounts, enable tipping, and drive loyalty...

Macron branded ‘useless’ and Starmer ‘always loses’ amid the migrant UK-French deal – London Business News | Londonlovesbusiness.com

The former Shadow Business Secretary told GB News, “Of course we’re being gamed by the French, they are so much cleverer at it...

Amazon strikes AI licensing deal with Hearst and Condé Nast

Digiday that media conglomerates Hearst and Condé Nast have signed multi-year licensing agreements with Amazon to allow its access to the...
spot_img