Bitcoin Wallet Addresses Hit Record 48.24 Million in 2023

As of September 4, 2023, the number of Bitcoin wallet addresses has reached a record high of 48.24 million.

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This is an increase of over 7% from the previous all-time high of 44.8 million, which was set in July 2023.

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The increase in the number of Bitcoin wallet addresses is a sign of growing adoption of the cryptocurrency.

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It suggests that more people are using Bitcoin to store their wealth, send and receive payments, or invest in the asset.

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There are a few factors that could be driving the growth in the number of Bitcoin wallet addresses.

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One possibility is the increasing popularity of Bitcoin as a store of value.

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As the price of Bitcoin has risen in recent years, more people have come to see it as a way to protect their wealth from inflation and other economic risks.

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Another possibility is the growing use of Bitcoin for payments.

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Bitcoin is increasingly being accepted by merchants around the world, making it a more convenient way to make payments.

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This is especially true in countries with unstable currencies,

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where Bitcoin can offer a more reliable store of value.

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Finally, the growth in the number of Bitcoin wallet addresses could also be due to the increasing popularity of Bitcoin investing.

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As more people learn about Bitcoin and its potential for growth, they are investing in the asset.

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This is driving demand for Bitcoin wallets, which people need to store and manage their Bitcoin.

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Overall, the growth in the number of Bitcoin wallet addresses is a positive sign for the cryptocurrency.

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It suggests that Bitcoin is becoming more widely adopted and used.

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