Trump Return Triggers Bitcoin Wealth Shakeup: 32K BTC Millionaires Lost Since Inauguration

Trump return to the White House has coincided with a dramatic drop in Bitcoin millionaire addresses—over 32,000 lost in just two months due to price dips and market uncertainty.

The re-election of Donald Trump, once a bullish catalyst for crypto markets, has taken an unexpected turn—triggering a sharp decline in the number of Bitcoin millionaires. Despite a historic market rally following Trump’s 2024 victory, recent developments paint a less optimistic picture for high-net-worth BTC holders.

According to recent Finbold research, between January 21 and March 21, 2025, the number of Bitcoin addresses holding at least $1 million has dropped by 32,647. That’s an average of 544 millionaire addresses lost per day, representing a staggering 18.51% decline since Trump’s inauguration.

On January 21—the first Monday after the inauguration—there were 176,364 addresses holding $1 million or more in Bitcoin:

• 157,563 addresses held between $1M and $9.99M
• 18,801 addresses held over $10M

As of March 21:

• The $1M–$9.99M group fell to 129,477 addresses
• The $10M+ group dropped to 14,240 addresses

This leaves the total number of millionaire BTC wallets at 143,717, down from 176,364 in just two months.

While it’s important to note that address count doesn’t equal individual holders—since one person may own several wallets or several people may share one—this data offers a valuable glimpse into macro wealth shifts within the Bitcoin ecosystem.

What’s Causing the Millionaire Meltdown?
Analysts point to increased economic uncertainty stemming from Trump’s new administration. His aggressive tariff strategy has already initiated a renewed global trade war, leading to volatility across equities, commodities, and digital assets.

Instead of crypto flourishing, traditional safe-haven assets like gold surged to new highs above $3,000, while Bitcoin struggled to hold the $80,000–$82,000 range, dipping below it multiple times.

Even promising crypto-specific developments—such as the SEC’s withdrawal from its long-running lawsuit against Ripple Labs—have only delivered short-lived rallies, quickly overshadowed by broader bearish sentiment.

Additional pressure stems from large-scale profit-taking and whale selloffs, further contributing to market instability. These are often interpreted as signs of a transition to a bearish cycle, especially when paired with declining on-chain accumulation and liquidity contraction.

The Bigger Picture
This downturn follows a period of rapid growth in the Bitcoin millionaire class. November 6, 2024—Trump’s re-election day—marked a euphoric moment when 11,000 new BTC millionaires emerged overnight. Today, that optimism appears to have faded amid broader macroeconomic tensions.

While this doesn’t spell doom for Bitcoin long-term, it’s a reminder of the delicate relationship between politics, investor confidence, and crypto market dynamics.

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