Friday, June 2, 2023

There Are Already Over 1 Million Addresses With 1 Bitcoin Or More Register Glassnode

More than one million addresses deposit at least 1 bitcoin (BTC), a milestone never seen before in the history of the cryptocurrency. This is reflected by on-chain data company Glassnode later this week.

I am agree with you statistics, At least 1 in 1,000,997 addresses already have more than 1 Bitcoin Held, This, till May 13, 2023.

In general, it is an uptrend, with more and more people accumulating the full 1 BTC or more. It must be recognized that, for the most part, People often hold fractions of bitcoins, also known as satoshis.

The fact that over a million addresses hold 1 BTC or more, Can strengthen the tendency to accumulate and save Among the users of the first cryptocurrency, which has persevered over time.

Historically, this activity has had addresses that hold 1 BTC or more as a sign of an upward trend. but from 2022 there was a significant increase in the indicated, which grew from registering approximately 800,000 addresses with accumulated BTC to over one million, as shown in the following graph:

What is the trend of saving and accumulating bitcoin?

The trend to save and hoard the first cryptocurrency could be due to Chance of bitcoin, which is set for some point in the second quarter of 2024. Typically, this major event of decentralized protocols translating into an increase in the price of BTC, That’s why more people continue to hoard bitcoins.

In all this, bitcoin miners have a special role to play, because in the period before the event BTC selling admits defeat And proceed to accumulate holdings while waiting for new spikes in the price of the cryptocurrency.

Although this milestone may also be a response to a rise in inflation in countries with millions of bitcoin users, such as the United States and Latin America. As reported by Cryptonoticious, It is becoming a trend to take refuge in BTC Before the rising inflation of these countries.

Nation World News Desk
Nation World News Desk
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