Bitcoin has lost nearly 25,000 millionaire addresses in the past year since President Donald Trump returned to the White House, despite a dramatic shift toward a more cryptocurrency-friendly regulatory environment in the United States.
Key points:
- Bitcoin has lost around 25,000 millionaire addresses over the past year despite a more favorable US regulatory stance on cryptocurrencies.
- Larger Bitcoin holders experienced smaller declines, indicating a greater ability to withstand market volatility.
- Much of the increase in millionaire titles occurred before Trump took office.
Blockchain data analyzed by Finbold shows that the number of Bitcoin addresses containing at least $1 million increased from 157,563 addresses at the time of Trump’s inauguration in January 2025 to 132,383 addresses on January 20, 2026.
The drop of 25,180 addresses represents a drop of about 16% year-over-year, raising questions about how political optimism translates into wealth on the blockchain.
Largest Bitcoin Holders Prove More Resilient Amid Falling Number of Millionaires
The decline was less severe among large Bitcoin holders. The number of addresses holding more than $10 million worth of Bitcoin fell from 18,801 to 16,453, a decline of 12.5%.
The lower deflation suggests that larger holders of securities in the upper bracket were in a better position to absorb market fluctuations, while those closer to the millionaire threshold were more vulnerable to price swings.
Most of the increase in the number of Bitcoin addresses representing millionaires occurred before Trump officially took office. After winning the November 2024 election, Bitcoin traded at nearly $69,000, with around 120,851 addresses holding at least $1 million.
With growing expectations of deregulation and stronger institutional support for cryptocurrencies, prices have increased rapidly.
By January 2025, the price of Bitcoin had surpassed $100,000, triggering a surge in high-value addresses as rising prices pushed more wallets past the $1 million mark.
The rise reflects optimism over Trump’s pro-crypto message and the potential for closer integration between digital assets and traditional finance.
Once in power, the Trump administration was quick to ease pressure on the cryptocurrency sector.
Pro-industry regulators were appointed, cryptocurrency legislation was passed by the Republican-controlled Congress, and long-standing barriers between banks and digital asset companies were lowered.
Trump and his family have also launched several cryptocurrency-related projects, including mining and tokenization projects, attracting both attention and criticism.
Supporters have argued the moves demonstrate long-standing trust in the industry, while critics have raised ethical concerns about possible conflicts of interest, allegations the White House has consistently denied.
No surprise here: 40% of Trump’s wealth is in Bitcoin, and he’s fueled by the crypto elite.
Now he is imposing regulations that will make him astronomically richer.
They are literally making a statue of him as the Bitcoin king!
This isn’t politics, this is blatant insider trading… pic.twitter.com/cSetyybSaF—Angelo Giuliano
(@angeloinchina) September 18, 2025
Trump administration advocates pro-crypto agenda
Last week, the Trump administration intensified its pro-crypto agenda with a series of policy and regulatory measures.
President Trump signed an executive order urging regulators to remove barriers preventing 401(k) plans from including alternative assets such as cryptocurrencies.
If implemented, these reforms could allow millions of Americans to allocate retirement funds to Bitcoin and other digital assets through regulated channels.
Trump also named economist Stephen Meiran, a digital asset advocate, to the Federal Reserve Board of Governors, signaling his administration’s continued pro-crypto stance.
In a separate executive order, Trump decided to end “debanking” practices targeting legal cryptocurrency companies.
The Blockchain Association hailed the measures as a “historic change” that will expand consumer choice, drive wealth creation and reduce operational hurdles for blockchain businesses.
The SEC added to the positive momentum by clarifying that certain liquid storage models, such as those involving receiving tokens like stETH, are not securities.
SEC Chairman Paul Atkins reiterated his commitment to maintaining cryptocurrency innovation in the United States, pledging to take a proactive approach to regulation and moving away from enforcement-based policymaking.
The article Bitcoin lost 25,000 millionaire addresses per year after the start of Trump’s presidency appeared first on Cryptonews Arabic.
