[ccpw id="39382"]

HomeCrypto NewsMarketNumber Of Bitcoin Holders With More Than 1 BTC Hits A New High

Number Of Bitcoin Holders With More Than 1 BTC Hits A New High

Date:

Written By:

 

The number Of Bitcoin HODLers Hits A New High As Addresses With More Than 1 BTC Increase.


- Advertisement -

 

While the crypto market hasn’t been a rosy field of late, Bitcoin fans and investors are still unfazed. Apparently, a good number of Bitcoin holders have managed to stay through with their stash for a whole year.

Data released by IntoTheBlock show that Bitcoin’s growth has continued through the upheavals in the market. The recent undesirable price action hasn’t fettered investor confidence in the top coin.

- Advertisement -

 

HODLers At ATH

According to the released information, the number of BTC hodlers who have kept their stash intact for a year has increased and is now at its highest ever. There are around 27.65M Bitcoin addresses containing around 12.66 million coins held for a year or more.

From an optimistic standpoint, this revelation points to an increase in market resilience on the part of Bitcoin. BTC has battled negative sentiments over the years, even when governments and traditional financial institutions were against it.

Some governments are now warming up to the crypto idea while institutional funds are following into the BTC market.

This same kind of resilience seems to be keeping the Bitcoin market strong and unshaken amid an extensive price crash that has affected the entire crypto market.

More Wallets With More Than 1 BTC

As if to entrench the point mentioned above, the BTC community seems to be increasing the wallet size.

In the recent past, most of the wallets contained fractions of a Bitcoin. Now, as has been reported, there are close to a million wallets holding a whole Bitcoin each. They’re precisely 844,906 Bitcoin wallets. This may be an indication of an increase in holding appetite by Bitcoin investors.

bitcoin holders all time high

Image Source: Twitter

Holding has been a major point popularized by various investors as the ultimate use of Bitcoin as a store of value.

Granted, inflation has had a bad effect on the global economy and governments have made it worse by printing vast amounts of fiat currencies.

Bitcoin has been hailed as the answer to these negative effects to preserve wealth. As such, the holding culture may be driven by this point of view. At the moment, Bitcoin is still at the top and trading at around $30.4k, with a total market cap of $578 billion.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Author

Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

More from Author

Latest Stories

Guides