There has been a historic increase in the number of Bitcoin wallet addresses, which has now surpassed 48 million.
The number of Bitcoin (BTC) wallet addresses hit a record high of 48.24 million on September 3, 2023. Despite the recent price volatility of Bitcoin, this historic milestone demonstrates the currency’s growing acceptance throughout the world.
On August 30th, Bitcoin (BTC) accomplished yet another major milestone. In an important milestone for the most popular digital currency, the total number of Bitcoin wallet addresses just surpassed 48 million.
As a decentralized, peer-to-peer payment system and digital store of value, Bitcoin has passed another test in its long and winding road to worldwide popular acceptance.
According to IntoTheBlock, a blockchain analytics firm, on August 30, 2023, there were 48 million different addresses holding Bitcoin. This landmark accomplishment demonstrates the increasing use of and interest in BTC as a decentralized digital asset.
An increase in the number of on-chain wallet addresses is indicative of Bitcoin’s growing user base. According to the data shown above, there will be 5.61 million unique Bitcoin wallet addresses in use by the year 2023.
Only 3.62 million Bitcoin wallet addresses were generated that year. Significantly, this indicates that Bitcoin’s user-acquisition rate has already increased by 55% compared to the same time last year, with 4 months left to go.
Bitcoin’s rising popularity and acceptance of cryptocurrencies as an alternative asset class and a means of exchange is reflected in the rising number of wallet addresses.
Many important victories for the Bitcoin ecosystem may be counted on for 2023. A rush of Bitcoin Spot ETF applications caught the eye of TradFi unicorn investors while BRC-20 tokens made lightweight NFTs accessible to regular investors.
When large financial institutions start using Bitcoin, it encourages smaller players to join the market by encouraging the creation of new addresses.
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