Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The number of addresses holding more than $1,000 in BTC reached 8 million, a record high

The number of addresses holding more than $1,000 in BTC reached 8 million, a record high

CointimeCointime2023/11/06 10:48
By:Cointime

According to Blockware Solutions and Glassnode data, the number of Bitcoin addresses holding at least $1,000 worth of Bitcoin (equivalent to 0.028 BTC at the current price of $35,115) has increased to a historical high of 8 million. Blockware claims that this number may exponentially increase as Bitcoin continues to monetize, which is a long-term bullish development for cryptocurrencies. Monetization theoretically refers to the process of creating income potential from non-revenue generating assets.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Web3 Watch: FIFA officially licenses blockchain-based mobile game

Plus, Suntory Group tokenizes Premium Malt’s beer on Avalanche

Blockworks2024/11/24 01:33