Crypto News

An increasing trend for long-term storage of bitcoins

The number of bitcoins that have not moved in the last year, hit a new high. This trend drew the attention of Dan held, representing the American bitcoin exchange Kraken.

On Twitter he wrote that 61% of bitcoins will not move in the last 12 months.

Earlier, analysts platform Glassnode also recorded cumulative policy bitcoin investors throughout the first half of 2020. This trend continues to grow, which tells about the desire of market players to move to long-term storage of cryptocurrencies.

We will remind, on March 13, there was a collapse of the stock market, went down in history under the name of “Black Thursday”. Bitcoin fell to $3600, however, the attitude of investors towards this asset remains positive. This is evidenced by data for the last three months, when constantly increasing the outflow of BTC with trading platforms.

Many investors are considering bitcoin as a form of capital protection from inflation risks.

Striking proof of the desire of investors to shift to long-term storing of cryptocurrency is the fact that the growth in bitcoin company-managed Grayscale. In just a week this giant bought BTC up to $184 million, recently said analyst Kevin Hand.

Source:

coinspot.io

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist Buzzon.live.