According to a report published by Glassnode, the number of Bitcoin addresses containing at least 1 BTC has surpassed the 1 million barrier.
According to the document, the most notable gains in the indicator took place during Bitcoin's sharp drop in June 2022 coinciding with the bankruptcy of 3AC and the collapse of the Terra ecosystem and after November 11 following the collapse of FTX.
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Since February last year, the number of 1 BTC owners has increased by around 190,000.
The Glassnode co-founder believes Bitcoin will continue to grow:
"Confident in our mid-term outlook of $35k as external pressures subside. Market pricing Fed pause in June [...], which is optimal for the run to $35k for summer. DXY down, crossing below significant moving average - explosive moves ahead."
Raoul Pal, a former Goldman Sachs top manager and macro investor, has said the cryptocurrency will outperform other assets amid the banking crisis.