Donald Trump has presented himself as the most crypto-friendly president in American history. However, the figures reveal a very different reality. According to one study, nearly 46,000 millionaire Bitcoin addresses disappeared in the first 500 days of his term. A surprising observation which contrasts with the enthusiasm following his election and reminds us that even in a favorable political environment, bitcoin remains subject to the implacable laws of the market.
In brief
- A study reveals the disappearance of nearly 46,000 millionaire Bitcoin addresses since the election of Donald Trump.
- The wealthiest wallets were also affected, despite a political environment presented as favorable to cryptos.
- The drop in the number of millionaires does not necessarily reflect massive sales, but above all reflects the evolution of the price of Bitcoin.
- This trend highlights the gap between market expectations and the reality of an asset always subject to high volatility.
Nearly 46,000 millionaire addresses wiped off the map
Donald Trump's first 500 days in the White House saw nearly 46,000 Bitcoin addresses holding the equivalent of at least $1 million disappear, as the flagship crypto just fell towards $61,322. The study indicates that the total number of millionaire addresses fell from 176,364 to 130,320 over the period observed.
Here is the main figures highlighted:
- 46,044 millionaire Bitcoin addresses have disappeared;
- Addresses holding more than $10 million in BTC fell from 18,801 to 14,755;
- The data is based on the dollar value of assets held.
A Bitcoin address does not necessarily correspond to a single investor. Indeed, the same person can control several addresses, while some belong to exchange platforms or institutional players. Despite this limit, the evolution of the number of millionaire addresses remains a widely followed indicator to measure the effects of variations in the price of bitcoin on the wealth present in the ecosystem.
The paradox of a pro-crypto mandate confronted with the reality of the markets
This contraction in the number of millionaire addresses appears all the more remarkable given that Donald Trump has increased the signals favorable to the crypto industry since his return to power. The study reveals the gap between the enthusiasm which followed his election and the actual evolution of the market over the following months.
The disappearance of thousands of millionaire addresses does not necessarily reflect massive sales or an exit of investors from the market. In many cases, a simple drop in the price of bitcoin is enough to push a portfolio below the symbolic threshold of a million dollars.
This phenomenon is largely linked to market fluctuations and the macroeconomic context. The affected addresses did not necessarily lose their bitcoins, because their dollar valuation simply evolved in step with market corrections. This mechanism explains why statistics relating to bitcoin millionaires can vary greatly over relatively short periods, depending on price movements.
This study recalls the deeply cyclical nature of the crypto market. Millionaire addresses appear and disappear with the rhythm of bullish and bearish phases, often without major modification of the positions held. The figure put forward thus illustrates less a flight of investors than an immutable reality of bitcoin. In this ecosystem, wealth is measured above all by volatility. The coming months will tell whether the market is capable of recreating these tens of thousands of millionaires as quickly as it saw them disappear.
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