Number Of Addresses Holding 1 Bitcoin Approaches 1M Reaching Its All-Time-High
January 5, 2023 (Investorideas.com Newswire) According to a BitcoinCasinos.com report, addresses with a balance of at least 1BTC stand at 978,963, an all-time high. BTC addresses are an integral part of the Bitcoin ecosystem, and this growth underscores the crypto asset's growing popularity among investors.
BitcoinCasinos' investments expert Edith Reads, has offered her thoughts on this trend. According to her, this kind of growth signals a positive sentiment toward BTC investments. To her, this development signals wider adoption of the cryptocurrency, potentially driving its price and providing more stability for the entire crypto market.
She affirmed, “The increase in Bitcoin holdings of over one coin indicates how it has moved from being a niche investment to one more widely accepted by investors. And as it continues to gain in popularity, this trend will likely continue despite any short-term market volatility.
Several factors have contributed to this growth in Bitcoin address numbers. For starters, there's been an increasing interest in the digital asset among institutional investors. This has seen them buying and holding it as part of diversifying their investment portfolios. The full story and statistics can be found here: Number Of Addresses Holding 1 Bitcoin Approaches 1M Reaching Its All-Time-High
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