There is a clear difference between expectations of a strong cryptocurrency market and anticipated economic prosperity with Donald Trump's return to the White House, compared to the chaos that has occurred since the inauguration on January 20.
Finbold's Q1 2025 Cryptocurrency Market Report shows that the number of addresses holding over 1 million dollars in Bitcoin (BTC) has decreased by nearly 20% from Trump's official inauguration to March 31, the end of the first quarter.
Specifically, on January 20, 2025, there were 176,364 addresses holding over 1 million dollars in BTC, but this number dropped to 141,627 by the end of Q1, according to Finbold's calculations based on data from BitInfoCharts and Internet Archive.
In total, 34,737 Bitcoin millionaires disappeared in just over two months. The number of wallets with 1 to 9.99 million dollars decreased by exactly 30,000, and those with over 10 million dollars decreased by 4,737.
The change in the number of Bitcoin millionaires between President Trump's inauguration and the end of Q1, along with the overall change in the quarter, reveals the real momentum of the cryptocurrency market, as well as the difference between expectations and reality.
On March 31, there were 13,942 fewer addresses holding over 1 million dollars in Bitcoin compared to January 1, with the number dropping from 155,569 to 141,627. Finbold's data also indicates optimism before Trump's return to the White House, with 20,795 additional Bitcoin millionaires on January 20 compared to the beginning of 2025.
Moreover, the accumulation in the first three weeks of the year shows a continuation of a trend observed in Q4 2024, when Finbold's research revealed on November 6 that up to 11,000 new Bitcoin millionaires emerged in just one month starting from October 7.
Finally, if Trump's presidential term eliminated about 20% of Bitcoin millionaire addresses in Q1 by removing 34,737, his re-election created 43,816, increasing the number by approximately 33%.
However, some initial positive impacts from Trump's return to the White House could still be perceived by the end of Q1 2025, with over 9,079 Bitcoin millionaires compared to November 6, 2024, even after fluctuations and losses.
It should be noted that the number of Bitcoin millionaire addresses is not an accurate measure, as an investor may be associated with multiple addresses, and many traders may pool assets into one address.
Furthermore, the increase and decrease of Bitcoin wallet addresses valued over 1 million dollars – or any amount – does not necessarily indicate that people are entering or leaving the cryptocurrency market.
Digital asset prices can significantly impact investors' wealth, and BTC price performance largely reflects changes in recorded address quantities.
Disclaimer: The article is for informational purposes only, not investment advice. Investors should research thoroughly before making decisions. We are not responsible for your investment choices.
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