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Trump’s return to White House wipes out nearly 20% of Bitcoin millionaires

Nov. 6, 2024, was a glorious day for Bitcoin (BTC) investors. Donald Trump’s re-election created as many as 11,000 new BTC millionaires and created tailwinds that rippled through the stock and cryptocurrency markets for months.

However, Donald Trump’s return to the White House has thus far had the opposite effect: Within a single month, 22,000 Bitcoin millionaire addresses were lost

Finbold research found that the situation had only grown worse by March 21, with the number of BTC millionaires falling by 32,647 since Jan. 21.

Notably, there are now 18.51% fewer Bitcoin millionaire addresses than when Trump was inaugurated, and the losses thus far wiped out an average of 544 millionaires daily.

Bitcoin Rich List:

Jan. 21, 2025 vs. March 21, 2025

Methodology: Finbold extracted the number of Bitcoin (BTC) addresses with holdings valued in U.S. dollars across various ranges to assess how the number of BTC millionaires has changed since Donald Trump’s inauguration. The analysis compared data from Jan. 21, 2025—the day of his inauguration—to March 21, 2025. By examining these two dates, we aimed to determine whether the number of BTC millionaire addresses has increased or decreased. Finbold also calculated the average daily change by dividing the total shift over this period by 60.

IMPORTANT: One person can have more than one Bitcoin address.

Sources: Finbold research, BitInfoCharts.com, Web.Archive.com

BTC addresses on Jan. 21, 2025

Number of BTC addresses on March 21, 2025$1-$99.99$100-$999.99$1,000-$9,999.99$10,000-$99,999.99$100,000-$999,999.99$1,000,000-$9,999,999.99$10,000,000 or more010M20M 30M 40M 50M 60M 48,575,559.00 47,093,560.00 24,091,795.00 22,638,377.00 12,562,667.00 11,126,262 4,589,177.00 3,893,908.00 1,054,107.00 743,398.00 157,563.00 129,477.00 18,801.00 14,240.00 Number of Bitcoin addresses

Value of BTC held in USD

-1,481,999 addresses

-1,453,418 addresses

-1,436,405 addresses

-695,269 addresses

-310,709 addresses

-28,086 addresses

-4,561 addresses

Data:

Value of BTC held in USDNumber of BTC addresses on January 21, 2025Number of BTC addresses on March 21, 2025Adresses lostAverage daily decrease between January 21, 2025 and March 21, 2025Addresses lost (as a percentage decrease)
1-99.9948,575,559.0047,093,560.00-1,481,999-24,699.98-3.05
100-999.9924,091,795.0022,638,377.00-1,453,418-24,223.63-6.03
1,000-9,999.9912,562,667.0011,126,262-1,436,405-23,940.08-11.43
10,000-99,999.994,589,177.003,893,908.00-695,269-11,587.82-15.15
100,000-999,999.991,054,107.00743,398.00-310,709-5,178.48-29.48
1,000,000-9,999,999.99157,563.00129,477.00-28,086-468.10-17.83
10,000,000+18,801.0014,240.00-4,561-76.02-24.26

Finbold

Bitcoin millionaire addresses from 176,364 to 143,717 in two months

Examining the details reveals that on January 21 – the first Monday after the inauguration – 157,563 Bitcoin addresses owned between $1 million and $9.99 million worth of BTC. Simultaneously, 18,801 addresses held at least $10 million in the world’s premier cryptocurrency.

On March 21, the number of wallets with more than 1 million but less than 10 million fell to 129,477, and of those with more than 10 million, BTC declined to 14,240 for a total change from 176,364 to 143,717.

Furthermore, the decline happened across the board, with the number in all addresses holding more than $1 worth of BTC falling substantially during the two months.

It is worth noting that the number of millionaire cryptocurrency addresses is not necessarily equal to the number of digital asset millionaires, as a single person might own multiple addresses, and multiple people can pool their assets into a single wallet.

How the Trump presidency erased 32,000 BTC millionaires

So far, the uncertainty generated by President Trump’s economic policy, exemplified most strongly by his tariff campaign, which has initiated an escalating global trade war, appears to be the main culprit for the losses.

Additionally, the situation is exactly the opposite of how it was in the aftermath of the elections when risk assets were rising, and gold suffered one of its rare recent periods of decline. 

By March 2025, gold had recorded new highs above $3,000, while Bitcoin struggled to remain above the $80,000 to $82,000 price point – and even fell below it on several occasions. Benchmark stock marketindices like the S&P 500 and the Dow Jones Industrial Average (DJIA) are also down in the year-to-date (YTD) chart.

The prevailing headwinds have become so strong that even the recent and long-awaited news that the SEC has given up on its long-standing legal battle against Ripple Labs over the XRP token led to only an ephemeral rally.

Lastly, in addition to Bitcoin’s price drop, the loss in the number of BTC millionaires could be attributed to the extensive selling activity and profit-taking behavior among major investors, cited as one of the signs that the world’s premier cryptocurrency may have entered the bear market in an analysis reported on by Finbold on March 20.

Michelle Dryden (Author)

Michelle Dryden has come full-circle back to the exciting world of news media. Dryden lives in New Jersey where she is an Independent Multimedia Journalist. With college degrees and experiences in both digital and traditional journalism since 1996, Dryden is a news veteran. The Media Pub news blog publishes core news and community features. What's your story? Email me at mdryden@themediapub.com. Cheers!!!