78% Of Bitcoin Supply Is in Self Custody
January 4, 2023 (Investorideas.com Newswire) Bitcoin and other cryptocurrencies are becoming increasingly popular for their decentralized and self-custodial nature. With self-custody, users have full control of their funds and don't rely on third parties to manage them. This gives users the opportunity to access public blockchains with direct access and customize fees according to their needs - whether they are in a rush or not.
Moreover, self-custody allows users to interact with smart contracts and access decentralized finance products that can help them earn passive income, such as yield farming and staking rewards. According to StockApps.com, 78% of the total Bitcoin supply is now in the hands of self-custodial wallets. This suggests that more and more people are leveraging self-custody power to protect their funds and interact with smart contracts.
StockApps Finance journalist Edith Reads commented on the data, "Self-custody is the only way to truly take ownership of your cryptocurrencies. With self-custody, you are in full control and possession of your wallet's private key, which gives you complete autonomy. The data suggests that more and more people are choosing to take ownership of their assets, which could be a sign of growing crypto adoption." The full story and statistics can be found here: 78% Of Bitcoin Supply Is in Self Custody
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