diff --git a/freqtrade/optimize/backtesting.py b/freqtrade/optimize/backtesting.py
index f37107767..7f2ba60f2 100644
--- a/freqtrade/optimize/backtesting.py
+++ b/freqtrade/optimize/backtesting.py
@@ -116,6 +116,7 @@ class Backtesting:
             self.protections = ProtectionManager(self.config)
 
         self.wallets = Wallets(self.config, self.exchange)
+        self.wallets._log = False
 
         # Get maximum required startup period
         self.required_startup = max([strat.startup_candle_count for strat in self.strategylist])
@@ -181,7 +182,7 @@ class Backtesting:
 
     def update_wallets(self):
         if self.wallets:
-            self.wallets.update(log=False)
+            self.wallets.update()
 
     def _get_ohlcv_as_lists(self, processed: Dict[str, DataFrame]) -> Dict[str, Tuple]:
         """
diff --git a/freqtrade/wallets.py b/freqtrade/wallets.py
index 078bcd07e..9562f34e6 100644
--- a/freqtrade/wallets.py
+++ b/freqtrade/wallets.py
@@ -29,6 +29,7 @@ class Wallets:
 
     def __init__(self, config: dict, exchange: Exchange, skip_update: bool = False) -> None:
         self._config = config
+        self._log = True
         self._exchange = exchange
         self._wallets: Dict[str, Wallet] = {}
         self.start_cap = config['dry_run_wallet']
@@ -104,7 +105,7 @@ class Wallets:
             if currency not in balances:
                 del self._wallets[currency]
 
-    def update(self, require_update: bool = True, log: bool = True) -> None:
+    def update(self, require_update: bool = True) -> None:
         """
         Updates wallets from the configured version.
         By default, updates from the exchange.
@@ -117,7 +118,7 @@ class Wallets:
                 self._update_live()
             else:
                 self._update_dry()
-            if log:
+            if self._log:
                 logger.info('Wallets synced.')
             self._last_wallet_refresh = arrow.utcnow().int_timestamp