The first 100 days of Donald Trump's presidency were marked by a sharp decline in the fortunes of bitcoin (BTC) holders.
According to a Finbold study, from January 21 (Trump's first full working day in office) to April 30, the number of bitcoin billionaires decreased by 13.22%.
On January 21, 157,563 bitcoin addresses had a balance between $1 million and $9.99 million, and by April 30, there were 12.61% fewer — 137,694 (data from BitInfoCharts via Wayback Machine). Thus, their number decreased by 19,869 wallets.
The situation is even worse for addresses holding BTC worth $10 million or more, as their number decreased from 18,801 to 15,360, a reduction of 18.30%, or 3,441.
The average loss amounts to 233 BTC millionaire addresses per day over the course of 100 days.
All of the aforementioned indicators could have been worse if bitcoin had not experienced an unexpected surge in the second half of April, which lifted it from lows of around $75,000 to stabilize just below $95,000. For comparison, on January 21, the world's leading cryptocurrency was valued at $102,204.
It is important to remember that one person can own multiple wallets, so determining the actual number of bitcoin millionaires is not so straightforward. Coins are often spread across multiple wallets to reduce the risk of theft.