Hashrate, wallet balances and crypto exchange activity all suggest that investors have high expectations for Bitcoin, despite its current price downtrend.
, with the number of wallets holding 0.1 BTC or more having reached 12 million for the first time. This trend has continued despite the current range-bound price action that is dotted with occasional corrections.This demonstrates a degree of trust in the asset class in spite of everything else happening in the market. Adoption is growing even as prices disappoint.
While 0.1 BTC may have once been a trivial amount, today it’s significant, as this represents about $2,500 at current prices. The fiat value can be much higher when priced in other currencies. For 12 million entities to have amassed this much Bitcoin shows how seriously the world has begun to take such an investment.
than ever. Bitcoin miners keep mining, hodlers keep hodling and individuals continue to take custody of their coins. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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