The first 100 days of Trump's presidency were marked by a sharp drop in the wealth of bitcoin holders.
According to a Finbold study, from January 21 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, that number was 12.61% lower — 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 drop of 18.30%, or 3,441.
The average loss is 233 BTC millionaire addresses per day over 100 days.
All of the above metrics could have been even worse if bitcoin had not gone through an unexpected surge in the second half of April, which raised it from lows of around $75,000 to stabilize just below $95,000. For comparison, on January 21, the leading cryptocurrency was valued at $102,204.
