Small-time investors achieve the 1 BTC dream as Bitcoin holds $20k range

189
SHARES
1.5k
VIEWS

Ever since early bitcoin (BTC) investors woke up to millionaires, as the Internet mainstream as well as the ecosystem gained tremendous popularity, investors around the world have been quick to hoard up to 21 million BTC – many in one satoshi at a time. are in.

As BTC recently traded in the $20,000 range for the first time since 2020, small investors have the opportunity to achieve 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.

READ ALSO

While the total number of addresses holding 1 BTC saw an immediate decrease in the coming days, the crypto community on Reddit continues to welcome new crypto investors who hit their stride in becoming a full-fledged coin.

A Reddit post announced the purchase of 1 bitcoin. Source: reddit

Redditor arbalest_22, who shared the above screenshot, revealed that it took him a total of $35k to deposit 1 BTC over several months since February 14, 2021. Showing further support for the bitcoin ecosystem, the Redditor aims to continue buying Satoshi or SAT. He deposits more than 2 BTC.

Arbalest_22 started buying BTC from crypto exchange Coinbase but later started using strike because of the low fees. Sharing a glimpse of his future plans, he said:

“I’m hoping in the future that I can treat it more like rich people treat real estate and take out loans against it. Then as it appreciates just pay off the old loan with a new one. Boom, tax-free income.”

Subsequently, another Reddit user evening-men-5860 also posted about being able to get 1 BTC after following a dollar-cost averaging (DCA) strategy, in which he regularly spent more than BTC in the long term. Bought small quantities of, stating:

“I was able to buy enough to catch a falling knife and get me to the finish line. It was no easy feat. I’m a simple man with a simple life.”
Data on the number of wallet addresses containing at least 1 BTC. Source: Glassnode

According to data from Glassnode, between June 15 and June 25, the total number of bitcoin wallet addresses holding more than 1 BTC increased by 873.

related: ‘Bitcoin is dead’ Google search hits new all-time high

While many see the BTC price drop as an investment opportunity, Google search trends highlight a tendency for other investors to speculate about its demise.

After weeks of persistent selloff in asset prices, Google search results show extreme concern for the cryptocurrency markets.