The number of Bitcoin billionaires has skyrocketed in the year since Donald Trump’s victory in the November 5, 2024 US presidential election was confirmed.
New on-chain data reviewed by Finbold Research shows that the number of Bitcoin (BTC) wallet addresses holding at least $1 million in BTC increased by approximately 44,783 over a 12-month period, representing an increase of approximately 33.8%. On average, this equates to approximately 3,700 new millionaire-level Bitcoin addresses being added every month.
As of November 5, 2025, there are 156,705 wallet addresses holding BTC worth between $1 million and $9.99 million (compared to a record of 120,851 a year ago). Additionally, the number of addresses holding $10 million or more in Bitcoin increased from 11,697 to 20,626 over the same period. Adding these up, the total number of billionaire-level Bitcoin addresses is approximately 177,331.
How did the Bitcoin millionaires list develop?
The increase in millionaire BTC addresses on the Bitcoin millionaires list unfolded over a year of rally and subsequent volatility. On November 5, 2024, the day of the US presidential election, Bitcoin traded at nearly $69,000. From this starting point, prices rose incrementally over the next 11 months, supported by renewed interest from institutional investors, improved risk appetite, and rising expectations for a more friendly policy environment. This steady rise culminated in a new all-time high of over $126,000 in October 2025.
After the peak in October, the momentum slowed down. Bitcoin has undergone several corrections, briefly falling below $100,000 for the first time in months in the past 24 hours. The recent downdraft has extended the slump that began in mid-October, leaving price trends volatile until early November.
This market backdrop coincided with a shift in US political discourse towards digital assets. During his campaign and upon his return to office, President Trump signaled his intention to position the United States as a leader in Bitcoin and crypto innovation through clearer rules and public messages of support for domestic mining.
Although the detailed framework is still being formed, a more constructive stance appears to be influencing sentiment among institutional investors and high-net-worth participants. The continued expansion of billionaire BTC wallets during both the rise and subsequent fall indicates continued accumulation over the long term.
BTC growth after election
Bitcoin’s growth a year after the election highlights how investor positioning and the concentration of wealth within the network continues to evolve in response to political signals, macroeconomic forces, and long-term expectations for digital assets.
Bitcoin wealth distribution will continue to be closely watched as an indicator of market confidence heading into 2026, as the next steps of regulatory clarity and institutional participation are still taking shape.
Finally, just to be clear, one person can manage multiple Bitcoin addresses. Therefore, while the number of millionaire addresses does not correspond to the exact number of unique investors, this trend remains an important indicator of where larger holdings are concentrated.
