FOMO Warning from CZ as Number of Bitcoin Millionaires Triples!

The SEC's potential approval of a spot Bitcoin ETF has boosted BTC and altcoins, with the BTC price approaching $38,000 last week.

At this point, according to Finbold's news, while the BTC price increased again after a long time, the number of Bitcoin millionaires also increased.

According to BitInfoCharts data, the number of Bitcoin millionaires is 81,717, an increase of three cards since January 5.

The number of BTC millionaires, which experienced a 215% increase, was 28,084 in January.

It was stated that the number of addresses holding at least $1 million worth of Bitcoin was 81,962, while the number of addresses holding at least $10 million worth of Bitcoin was 6,649.

This increase in the number of millionaires also attracted the attention of Binance CEO CZ. Sharing from his account X, CZ warned investors not to get caught up in FOMO.

Quoting Finbold's news about the increase in the number of Bitcoin millionaires, CZ said:

“This data is likely based solely on on-chain data.

But please don't FOMO.

“More than 60,000 Bitcoin millionaires have emerged in 2023, a 3x increase since January.”

This is probably based on only on-chain data. 🤷‍♂️

But please don't FOMO. 🙏

—

Over 60,000 Bitcoin millionaires emerge in 2023, 3x more since January https://t.co/Yfs6fr8mPR

— CZ 🔶 Binance (@cz_binance) November 13, 2023

*This is not investment advice.