The number of addresses holding more than $1,000 in BTC reached 8 million, a record high
According to Blockware Solutions and Glassnode data, the number of Bitcoin addresses holding at least $1,000 worth of Bitcoin (equivalent to 0.028 BTC at the current price of $35,115) has increased to a historical high of 8 million. Blockware claims that this number may exponentially increase as Bitcoin continues to monetize, which is a long-term bullish development for cryptocurrencies. Monetization theoretically refers to the process of creating income potential from non-revenue generating assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Metaplanet to raise $62M for more Bitcoin, with current stash at 1,142 BTC
Shiba Inu Lead Shytoshi Kusama Teases Airdrop & Partnerships
Japan to Dissolve ‘Web3 Project’ Team, Form New Crypto Unit
USDC Treasury destroys 50 million USDCs on Ethereum chain