The Currency Analytics
By Steven Anderson
The Downward trend for Bitcoin is continuing, and investors opine that Bitcoin is in the "Wait and See" mode.
The Bitcoin wallet addresses are, however, touching on an all-time high. The total amount of Bitcoin addresses, which has some BTC touched upon the all-time high of 28.39 million.
Alex Thorn, based on blockchain analytics, identified the trend and stated that calculating the numbers of bitcoin addresses “is one of the best proxies we have to approximate…
However, Thorn clarified that several users are willing to keep their coins with custodian exchanges, which will likely use single addresses to hold the customer funds.
Despite all adoption factors, several of them have written off bitcoin as nothing more than a flash-in-the-pan fad.
Jim Reid, Deutsche Bank strategist, "The forces that have held the current fiat system together now look fragile and they could unravel in the 2020s.
While the extremes of glory and criticism are happening in the cryptocurrency space, there is one sector of people who do not know anything about BTC, and they continue to think…
However, even those who are blank about the cryptocurrency, due to the influence of social media get to know something about it by the distractions created by the crypto-related…
People have different reasons do invest in BTC. Portfolio diversification, hedge for equities, lottery ticket to a 100% upside rally, and several other undocumented reasons.