Over 909k Wallets Hold at least 1 Bitcoin (BTC)

A cryptocurrency trader and enthusiast, Thomas Krakow, said on November 3, 2022, that over 909k bitcoin wallets contain at least 1 BTC.

More than 909k #Bitcoin wallets hold 1 BTC or more 🤩 pic.twitter.com/mXVnINaGck

— Thomas Kralow (@TKralow) November 3, 2022

He shared this moment on his Twitter page, supporting his claim with a Bitcoin chart that shows the BTC wallet sizes.

Bitcoin is currently the largest cryptocurrency in the industry and the oldest cryptocurrency in circulation.

It reached an ATH of almost $70,000 before the bear market that started in May 2022 but has dropped to $20,000 after battling a severe bear season that is about 6 months long.

The bear trend continues to rage, and not only is BTC feeling its brute force, but all the crypto assets in the market are affected.

Even so, the crypto community is not losing hope in this asset, sometimes called the “king of cryptocurrencies.” 

Responding to Krakow tweets were several crypto enthusiasts; some intend to add to the number of BTC they’ve hoarded, while others plan to include it in their portfolio.

The reason for this chain of events is not far-fetched; BTC has the potential to rise again, possibly even exceeding its ATH and setting a new record.

In addition, bear markets do not last forever; they will undoubtedly leave to make way for a bullish run. 

These turbulent times for cryptocurrencies sometimes overstay their welcome, like the most extended bear season to ever occur in the industry. 

A three-year drought suffocated all cryptocurrencies and even wiped out some of them. 

However, it left, and all digital assets surged back to life in the vast bullish run that followed that period.

Crypto enthusiast Lark David is optimistic that the bear market will soon end. 

In his tweet on November 3, he talked about reversal as the vital sign that preceded the revival of crypto assets in the previous bear seasons.

He added that the crypto market is currently experiencing that phenomenon. 

However, that doesn’t mean a bullish run will come instantly; instead, the market is about to begin a slow but steady gain.