The Bitcoin network has lost approximately 25,000 Bitcoin millionaire addresses during the first year of the Donald Trump administration, according to data from Finbold. Despite a friendlier regulatory environment, the number of wallets with at least one million dollars fell from 157,563 to 132,383 by this January 2026.
The largest asset holders showed superior resilience against market volatility, experiencing less drastic declines in their overall global balances during this period. While millionaire wallets fell by 16%, those with more than ten million dollars only decreased by 12.5% annually. This difference suggests that large institutional investors are better positioned to efficiently absorb current price fluctuations in the digital asset market.
Much of the growth in on-chain wealth occurred before the formal inauguration in January 2025 across the United States. Following the November election victory, the price escalated rapidly, pushing thousands of wallets over the threshold of seven-figure wealth in just a few months. However, the initial euphoria seems to have moderated, consolidating a phase of adjustment in the distribution of global digital wealth recently.
The Trump administration’s regulatory shift toward the digital industry
Once in office, the Republican government acted swiftly to ease the pressure on cryptocurrencies and their various service providers. The appointment of pro-industry regulators and the advancement of favorable legislation in Congress have reduced operational barriers for companies, fostering much closer integration. Likewise, the president has actively promoted mining initiatives, seeking to position the nation as a technological leader in sovereign digital mining infrastructure.
During the past week, the president signed an executive order facilitating the inclusion of alternative assets in 401(k) retirement plans. This measure, which could allow millions of citizens to invest their savings in Bitcoin, represents a historic shift in the financial paradigm. Therefore, the Blockchain Association has praised these policies, considering that they significantly expand financial freedom and access to new regulated capital markets for all Americans.
Will the new policies be able to reverse the Bitcoin wallet trend?
However, the drop in Bitcoin millionaire addresses raises doubts about the actual effectiveness of these current pro-crypto policies. Even though the SEC clarified that certain liquid staking models are not securities, the market has yet to recover the levels of the highs observed earlier this year. The current approach, led by Paul Atkins, prioritizes innovation over enforcement-led actions, attempting to retain technological talent within the national borders.
Looking ahead, the industry expects the end of “debanking” practices to consolidate organic and lasting growth for the sector. If institutional adoption continues, on-chain wealth could be redistributed again toward record levels during the next half of this current year. Consequently, the sector will remain in the spotlight, as investors wait for fiscal incentives to finally drive a new wave of global mass adoption.
