Small-time investors achieve 1 BTC dream as Bitcoin has a range of $ 20k

by · July 4, 2022

Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained immense popularity along with mainstreaming of the internet, investors around the world have been in a hurry to amass so many of the 21 million BTCs – one Satoshi at a time.

With BTC recently trading at $ 20,000 for the first time since 2020, small investors found a small window of opportunity to achieve the dream of owning at least 1 BTC. On June 20, Cointelegraph reported that the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091 in just seven days.

While the total number of addresses holding 1 BTC saw an immediate reduction in the coming days, the crypto community on Reddit continues to welcome new crypto investors who kept on becoming a wholecoiner.

A Reddit post announcing the acquisition of 1 Bitcoin. Source: Reddit

Redditor arbalest_22, who shared the screenshot above, revealed that it took him around $ 35k in total to accumulate 1 BTC over several months since February 14, 2021. Redditor shows further support for the Bitcoin ecosystem and aims to continue acquiring Satoshi or bet forward until he accumulates over 2 BTC.

Arbalest_22 started buying BTC from the cryptocurrency exchange Coinbase, but later started using Strike due to lower fees. They shared a look at his future plans, and stated:

“I hope in the future that I can treat it more like rich people treat property and take out loans against it. So as it appreciates, just repay the old loan with a new one. Boom, tax-free income. “

After that, another Reddit user Evening-Main-5860 also wrote about being able to own 1 BTC after largely following a dollar cost average strategy (DCA), where they regularly bought smaller amounts of BTC over a long period of time, saying:

“I managed to catch the falling knife and buy enough to get over the finish line. This was no easy feat. I’m just a normal guy with a normal life. “

Data on the number of wallet addresses with at least 1 BTC. Source: Glassnode

Between June 15 and June 25, the total number of Bitcoin wallet addresses grew by more than 1 BTC by 873, according to Glassnode data.

Related: “Bitcoin died” Google search reached new all-time high

While falling BTC prices are seen by many as an investment opportunity, Google’s search trends highlight the tendency of other investors to speculate about their demise.

Google’s search results reflect the biggest fears for the cryptocurrency markets after weeks of relentless asset price sales.