Small-scale investors realize their 1 BTC goal as Bitcoin remains in the $20,000 range

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Small-scale investors realize their 1 BTC goal as Bitcoin remains in the $20,000 range

Small-scale investors realize their 1 BTC goal as Bitcoin remains in the $20,000 range
Source: CoinTelegraph
1656323119 27 Jun / 09:45

Since early Bitcoin (BTC) investors became billionaires as the ecosystem acquired immense popularity alongside the mainstreaming of the internet, investors worldwide have been in a mad dash to reach as many of the 21 million BTC as possible – one Satoshi at a time.

With BTC recently trading in the $20,000 range for the first time since 2020, tiny investors discovered a brief window of opportunity to realize their ambition of owning at least one Bitcoin. Cointelegraph reported on June 20 that the number of Bitcoin wallet addresses holding at least one Bitcoin climbed by 13,091 in only seven days.

While the total number of addresses holding 1 BTC immediately decreased in the following days, the Reddit crypto community continues to welcome new crypto investors who hodl their way to becoming a whole corner.

Redditor arbalest 22, who uploaded the above picture, said that it took him around $35k and many months since February 14, 2021, to acquire 1 BTC. The Redditor intends to continue acquiring Satoshis user sats until he earns more than 2 BTC, demonstrating more significant support for the Bitcoin ecosystem.

Arbalest 22 first purchased Bitcoin using the exchange Coinbase but switched to Strike due to its reduced costs. Sharing a glimpse of his future intentions, they stated:

“I’m hoping in the future I can treat it more like rich people treat real estate and take loans out against it. Then as it appreciates just pay off the old loan with a new one. Boom, tax-free income.”

Following suit, another Reddit member, Evening-Main-5860, talked about being able to possess 1 BTC after mainly using a dollar-cost averaging (DCA) method, in which they consistently purchased smaller quantities of BTC over a lengthy period, stating:

“I was able to catch the falling knife and buy enough to get me over the finish line. This was no easy feat. I’m just an ordinary guy with an ordinary life.”

According to Glassnode statistics, the number of Bitcoin wallet addresses holding more than 1 BTC increased by 873 between June 15 and June 25.

While declining BTC prices are viewed by many as an investment opportunity, Google search patterns indicate that other investors are increasingly speculating about the cryptocurrency’s doom.

As a result of weeks of unrelenting asset price declines, the Google search results represent the cryptocurrency markets’ apex of worry.

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