Caitlin Long, founder of Custodia Bank, has questioned whether the number of Bitcoin "wholecoiners" has peaked after the number of individuals holding at least 1 BTC surpassed 1 million. Long believes that as Bitcoin prices increase, it will become more expensive for potential wholecoiners to purchase the asset, making it unlikely that there will be 10 million in the coming years. While the number of wholecoiners has been steadily rising, less than 2.5% of all Bitcoin addresses hold at least 1 BTC, with the majority of addresses holding between 0.00001 and 0.0001 BTC. The number of whales, or those holding above 100 BTC, represented less than 0.033% of the total addresses.
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