BTC virus is spreading: 732,982 Bitcoin addresses now own more than 1 BTC

17 May, 2019
by Joeri Cant
Bitcoin
BTC virus is spreading: 732,982 Bitcoin addresses now own more than 1 BTC

Despite the correction we are seeing today, it is apparent that more and more Bitcoin investors can now count themselves as an esteemed member of the elusive '1 Bitcoin Club'.

The possibility that the world's number one cryptocurrency might break below $7,000 today, doesn't hide the fact that Bitcoin enthusiasts all over the world, are slowly accumulating their favorite coin, before the unstoppable bull run kicks in.

According to the Toronto-based investor, Kevin Rooke, the Bitcoin virus is spreading, pointing to the fact that there are now 732,982 Bitcoin addresses that own more than 1 BTC.

According to Twitter user, Beyond The Coin‏, that comes down to 1 person in every 10,000 people that own at least 1 BTC.

The numbers of the 'wholecoiners' are clearly on the rise.

Although some might claim that the BTC virus isn't spreading fast enough, most would say that the cryptoverse is perfectly on track.

Chris McCann, an investor and founder of RelayNode, compared the current state of the cryptocurrency market with the early days of the internet.

Last year he said that Bitcoin and its friends are actually tracking quite closely with the early days of the internet.

'If you think cryptocurrencies are going to follow a similar trajectory as the internet, we look like we’re in about 1994 compared to the internet.'

IBM Blockchain Vice President Jesse Lund stated in December 2018 that good things take time, and that this is about disrupting the financial services by the people, for the people.

What do you think? Is the BTC virus spreading fast enough? Let us know in the poll below.

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Read more about: Bitcoin (BTC)

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