The number of Bitcoin millionaires has increased in the year since Donald Trump was confirmed as the winner of the 2024 US presidential election, according to new on-chain data analyzed by Finbold Research.
Between November 2024 and November 2025, the number of Bitcoin (BTC) wallet addresses holding at least $1 million in BTC increased by 44,783, an increase of 33.8 percent. On average, this equates to around 3,700 new millionaire wallets per month.
As of November 5, 2025, blockchain analysis shows that 156,705 addresses hold between $1 million and $9.99 million in BTC, up from 120,851 last year. An additional 20,626 addresses now hold more than $10 million each, nearly doubling from 11,697 in 2024. Altogether, around 177,300 Bitcoin wallet addresses now qualify as “millionaire level”.
The expansion of the “Bitcoin Rich List” came in a year of strong rallies followed by renewed volatility. On Election Day in 2024, Bitcoin was trading at around $69,000. Optimism about a friendlier U.S. political stance toward digital assets helped prices climb to a record $126,000 in October 2025, before a correction caused BTC to briefly fall below $100,000 this week.
The market rally coincided with what analysts describe as a change in Washington’s tone on cryptocurrencies. Since returning to the White House, President Trump has promised to make the US a leader in Bitcoin and digital asset innovation, promoting clearer regulation and the expansion of domestic mining as key policy goals.
Jordan Major, senior research editor at Finbold, said the data points to sustained long-term accumulation by larger investors: “The growth of millionaire-class Bitcoin addresses in a year that included both strong gains and deep declines shows that accumulation has continued among larger holders. Despite the volatility, high-net-worth participants appear to be more focused on long-term commitment than short-term trading results.”
Diana Paluteder, head of content at Finbold, added that while some individuals control multiple wallet addresses, the underlying trend is significant: “The increase suggests greater concentration of Bitcoin among wealthier holders and institutional entities. It highlights Bitcoin’s continued appeal as a strategic store of value within diversified portfolios.”
Bitcoin’s growing millionaire wallet segment will remain a key indicator of investor confidence in 2026. Analysts expect regulatory clarity, expanding institutional adoption and macroeconomic positioning to shape the next phase of capital inflows – and determine whether this year’s new class of crypto millionaires can keep their profits.
