According to @StockMKTNewz citing CNBC, the United States added more than a thousand new millionaires every day in 2024. This rapid increase in high-net-worth individuals is driving heightened interest in alternative assets, including cryptocurrencies like BTC and ETH, as new millionaires seek portfolio diversification and returns beyond traditional equities. Traders should monitor wealth distribution trends, as increased capital inflow can boost liquidity and trading volumes in the crypto market. (Source: CNBC via @StockMKTNewz, June 20, 2025)

According to Miles Deutscher, the top 1% of U.S. earners now hold more wealth than the entire middle class, indicating a growing wealth gap. This trend could have significant implications for economic stability and consumer spending, which may affect market behaviors and investment strategies. Traders should consider the potential impacts of AI-driven labor disruptions, as they may further concentrate wealth among top earners and influence financial markets. Source: Miles Deutscher

According to Glassnode, the current percentage of Bitcoin wealth held by new investors (24 hours to 3 months) is at 50.2%, which is significantly lower than the peaks seen in previous all-time high cycles, such as 85% in 2018 and 74% in 2021. This suggests that new investors are holding less influence over the market compared to past peak periods, potentially indicating a different market dynamic. Source: Glassnode.