In the first 100 days of President Trump's presidency, the number of Bitcoin millionaire addresses saw a significant decline of 13.22%, dropping from 176,364 to 153,054 by April 30. This trend was pervasive across various address brackets, with particularly sharp losses among addresses holding over $10 million worth of BTC, where 18.30% vanished. Despite Trump's previous pro-cryptocurrency rhetoric, cryptocurrency values faced volatility. However, a rally in Bitcoin's price in late April cushioned the losses, showcasing the market's unpredictable nature during this period.
The significant decline in Bitcoin millionaire addresses, post-Trump’s first 100 days, reflects broader market volatility despite pro-crypto rhetoric and regulatory changes from his administration.
"The losses would have been significantly worse had Bitcoin not entered a surprise rally in the second half of April, which took it from Liberation Day lows near $75,000 to a relatively stable level just under $95,000."
"The decline reached 13.22% overall and was particularly striking among addresses holding over $10 million in Bitcoin, where 18.30% disappeared in this period."
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