784,149 Bitcoin Addresses Now Hold at Least One BTC in New Sign of Long-Term Accumulation

23 January 2020, Thursday, 03:05 - dailyhodl.com
784,149 Bitcoin Addresses Now Hold at Least One BTC in New Sign of Long-Term Accumulation

Despite Bitcoin’s historical price volatility, the number of addresses holding at least one BTC has seen a largely linear growth pattern over the past decade.

There are now 784,149 Bitcoin addresses holding a minimum of one full BTC, according to Glassnode, an on-chain market intelligence firm.

Crypto analysts are pointing to the metric as evidence of Bitcoin’s enduring strength despite media narratives that sometimes argue otherwise.

Steady accumulation despite the media saying crypto is dead pic.twitter.com/f8I1vC3C8R

— Alex Gedevani ???? (@Alex_Ged) January 19, 2020

There are more than twice as many addresses with more than one BTC than there were in early 2015. There is also nearly an 11% increase year-over-year from the 707,000 Bitcoin addresses with more than one BTC in early 2019.

Additionally, the number of Bitcoin addresses holding between 0.1 and 1 BTC rose by an almost-identical percentage from 2019 to 2020.

It should be noted that one investor could hold a vast array of BTC addresses, meaning the total number of Bitcoin addresses does not necessarily equal the number of Bitcoin investors.

Featured Image: Shutterstock/wacomka



Read Also

$113,000,000,000 in Bitcoin (BTC) Locked by ‘Crazy’ Holders Who Refuse to Let Go

$113,000,000,000 in Bitcoin (BTC) Locked by ‘Crazy’ Holders Who Refuse to Let Go

Bitcoin Is a ‘Super Commodity’ That Should Be Worth $1-10 Million, Says Kraken Executive Dan Held

Elon Musk’s Tesla Starting to Feel Like Bitcoin Mania of 2017, Says Mike Novogratz