On September 3, 2023, the number of Bitcoin (BTC) wallets reached a new all-time high of 48.24 million addresses. Amid volatile Bitcoin price action in recent weeks, this landmark achievement underscores deepening global adoption.
On August 30, Bitcoin (BTC) accomplished another historic feat. The number of Bitcoin wallet addresses exceeded 48 million, marking an all-time high.
Bitcoin reaches 48 million wallets
Bitcoin has reached another milestone in its difficult journey toward global mainstream adoption as a decentralized peer-to-peer payment medium and digital store of value.
Data from the blockchain analytics platform IntoTheBlock shows that the total number of addresses containing BTC reached 48 million on August 30, 2023.
This achievement historically underscores the growing adoption and widespread interest in BTC as a decentralized electronic asset.
Generally, an increase in on-chain wallet addresses reflects the expanding user base within Bitcoin Purple. The graph above shows that users created 5.61 million new Bitcoin wallet addresses in 2023.
By comparison, only 3.62 million BTC wallet addresses were created in 2022. In truth, this means that Bitcoin is 4 months away and has already surpassed last year’s user acquisition rate by 55%.
The growing number of Bitcoin wallet addresses aligns with the broader trend of BTC’s increasing popularity and acceptance of cryptocurrency as an alternative asset class and medium of exchange.
The Bitcoin ecosystem has scored many historic victories in 2023. While BRC-20 tokens have made lightweight NFTs available to retail investors, a flood of Bitcoin ETF location apps is attracting the attention of TradFi unicorn investors.
As more institutional investors embrace Bitcoin, more retail entrants are encouraged to enter the scene, by creating new addresses.
Furthermore, these developments underscore the resilience of purple Bitcoin, which thrives despite market volatility and regulatory scrutiny.
By Audy Castañeda
