The number of large Bitcoin holders has jumped to a 4-year high, according to data provided by Glassnode.
On Sunday, the number of addresses controlled by a single owner with a balance of more than 1,000 BTCs reached 1,939, the highest level since September 2016. The indicator has experienced an increase of 2.2% during the week, while the price of Bitcoin has grown by 14%. Since the beginning of the year, the number of Bitcoin whales has grown by 13%.
According to analyst Willy Wu, this reflects the fact that large investors increasingly consider Bitcoin as a safe haven against the inflationary policies of central banks. In fact, several public companies have recently announced they have invested in Bitcoin.
According to BitInfoCharts, Bitcoin addresses with a balance of at least 1,000 BTCs or more store 5.3 million Bitcoins (42.62% of all circulating currencies). Of these, presumably more than 1 million Bitcoins are in the wallets of Satoshi Nakamoto, the creator of Bitcoin.
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