Since the early Bitcoin investors awakened the millionaires as the ecosystem gained immense popularity along with the popularization of the internet, investors all over the world have been in a rush to accumulate up to 21 million BTC – one satoshi at a time.
With BTC recently trading in the $20,000 range for the first time since 2020, small investors have found a small opportunity to realize their dream of owning at least 1 BTC. On June 20, Cointelegraph reported that the number of Bitcoin wallet addresses containing one or more BTC increased by 13,091 in just 7 days.
While the total number of addresses holding 1 BTC saw an immediate drop in the coming days, the crypto community on Reddit continues to welcome new crypto investors who have made their way to becoming a joint stock company.
Reddit post announcing the purchase of 1 Bitcoin. Source: Reddit
Redditor arbalest_22, who shared the screenshot above, revealed that it took about $35,000 in total to accumulate 1 BTC over several months since February 14, 2021. To show more support for the Bitcoin ecosystem, the Redditor aims to keep buying Satoshis or sats until it accumulates More than 2 BTC.
Arbalest_22 started buying BTC from crypto exchange Coinbase but later started using Strike due to lower fees. They shared a peek at his future plans, stating:
“I hope in the future I will be able to treat it as if the rich treat real estate and take loans for it. Then as you appreciate only repaying the old loan with a new one. Prosper, tax-free income.”
Subsequently, another Reddit user, Evening-Main-5860, also posted about his ability to earn 1 BTC after largely following the DCA strategy, regularly buying smaller amounts of BTC over a long period of time. time, pointing out. :
“I was able to pick up the falling knife and buy enough to cross the finish line. This was no easy feat. I am just an ordinary guy living an ordinary life.”
Data on the number of wallet addresses with at least 1 BTC. Source: Glassnode
Between June 15 and June 25, the total number of Bitcoin wallet addresses holding more than 1 BTC increased by 873, according to Glassnode data.
Related: Google searches for ‘dead bitcoin’ hit an all-time high
While the BTC price drop is seen by many as an investment opportunity, Google search trends highlight the tendency of other investors to speculate on its demise.
Google search results reflect the height of anxiety for the cryptocurrency markets after weeks of continued selling off in asset prices.