Ever since the early Bitcoin (BTC) investors attracted millionaires as the ecosystem gained immense popularity with the mainstreaming of the Internet, investors around the world have rushed to collect as many as 21 million BTCs – one Satoshi at a time.
As BTC recently traded in the $ 20,000 range for the first time since 2020, retail investors found little chance of achieving their dream of owning at least 1 BTC. On 20 June, Cointelegraph announced that the number of Bitcoin wallet addresses containing one or more BTCs had increased by 13,091 in just 7 days.
While the total number of addresses containing 1 BTC declined immediately in the coming days, the Reddit cryptocurrency community continues to welcome new crypto investors seeking to become full coin producers.
Reddit post announcing the acquisition of 1 Bitcoin. Source: Reddit
Redditor arbalest_22, who shared the screenshot above, revealed that it took him a total of about $ 35,000 to collect 1 BTC over several months from February 14, 2021. By showing additional support for the Bitcoin ecosystem, Redditor wants to continue sourcing Satoshi or satsis until it collects more than 2 BTCs.
Arbalest_22 started buying BTC from the cryptocurrency Coinbase, but later started using Strike due to lower fees. Looking into his plans for the future, they noted:
“I hope that in the future I will be able to treat it more like rich people in real estate and take out a loan for it. Then, as he evaluates, just pay off the old loan with the new one. Boom, tax-free income. ”
Following the example, another Reddit user, Evening-Main-5860, also posted a post stating that they would be able to 1 BTC after largely following a dollar cost averaging (DCA) strategy whereby they regularly bought smaller quantities of BTC over a long period of time. -d. :
“I was able to catch the falling knife and buy enough to get over the finish line. It was not an easy achievement. I’m a normal guy with a normal life.
Details of the number of wallet addresses with at least 1 BTC. Source: Glassnode
Between 15 June and 25 June, the total number of Bitcoin wallet addresses containing more than 1 BTC increased by 873, according to Glassnode.
Related: “Bitcoin dead” Google searches set a new all-time record
While many see falling BTC prices as an investment opportunity, Google’s search trends highlight the tendency of other investors to speculate on its disappearance.