A major milestone has been reached in the world of Bitcoin - over 1 million addresses now hold at least 1 whole Bitcoin! This data, from blockchain analytics platform IntoTheBlock, highlights a growing trend of individuals and entities accumulating Bitcoin and achieving "wholecoiner" status.

This surge in wholecoiners reflects a broader shift in perception. Bitcoin is increasingly seen as a valuable asset, a store of value, and a long-term investment. The data suggests this trend isn't a fad, but a sustained movement. Over time, the number of addresses holding at least 1 BTC has steadily climbed, showcasing growing confidence in Bitcoin's stability and future potential.

However, it's important to consider this milestone within the context of Bitcoin's limited supply. With only 21 million Bitcoins ever to be mined, holding even one becomes more valuable as demand rises. This scarcity adds another layer of significance to the wholecoiner achievement.

While Bitcoin has experienced a price drop since its mid-March high, fueled by optimism around US ETFs, it remains a volatile asset. Shifting expectations of US interest rate cuts have dampened demand for riskier assets, including Bitcoin. The future remains uncertain, but the rise of the wholecoiners suggests growing confidence in Bitcoin's long-term prospects.