Crypto News

The researchers drew attention to enhancing fine bitcoin investors

In 2020, the platform bitcoin saw a massive influx of not only institutional investors but also retail players. Researchers from Glassnode recorded a surge of activity small addresses in the network of BTC.

According to team leader Rafael Schultze-Kraft, currently on the platform registered more than 3 million addresses containing at least 0.1 BTC at the current price of $975. Compared to the year 2019, the number of such purses grew by 14%.

Analysts point out that the accumulation are now engaged in various strata of investors. Glassnode recently presented data on the increase in the number of so-called “whales” in the network of bitcoin. Traditional investors also look to the cryptocurrency industry.

Some of them even openly saying that they have invested their capital in the digital asset. For example, the financier Paul Tudor Jones compared bitcoin with gold in the 1970-ies and noted that the cryptocurrency has become a form of hedging inflation risks.

According to the platform Skew open interest in bitcoin futures on the Chicago stock exchange CME also confidently adds. In may this indicator has increased in dollar terms to $600 million.

Experts believe that this trend signals the imminent rise of BTC. The coin is now trading below $10 000. In the last 24 hours the market capitalization of bitcoin has gained just over 2% and approached $180 billion.

Source:

coinspot.io

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