Bitcoin(BTC) mass adoption has been progressing.

in #bitcoin • 9 months ago

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                                                 Source: lookintobitcoin

I found a good website for researching Bitcoin(BTC) on-chain data. The website has many good sources. So, I decided to learn one thing every day. Bearish markets are good for long-term investors. Learning something is helpful for the mind control and holding assets long time.

6VvuHGsoU2QBt9MXeXNdDuyd4Bmd63j7zJymDTWgdcJjo14YZgww88XQJudB9MSTsGsYj1H8nE6VgbQ9eMLfmGskU6N7vPNKyvs4muow82WXkSAqYvNw7cLZNJr6ni.jpeg

The number of addresses holding less 10 BTC has been increasing. It seems like progressing of mass adoption. However, the number of addresses holding more 10 BTC is consolidating or decreasing. 10 BTC is now worth more than $250k. It's not easy for ordinary person in the world.

I wondered the reason why it is consolidating or decreasing. The number of addresses holding more than 10 BTC is becoming the area for institutions. Time goes by, the phenomenon will be intensified.

#btc #onchain #data
9 months ago in #bitcoin by
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