Data from Bitcoin Magazine ProThere are 1 012,650 Bitcoin address that have at least one BTC.
It is estimated that more than one million BTC could be taken from the market by powerful hands. This would represent a substantial portion of the total 21 million BTC. The demand for Bitcoin continues to grow as U.S. Bitcoin ETFs hold collectively over 901,000 BTC while MicroStrategy is a large corporate Bitcoin owner with 226,500 BTC. MicroStrategy will also raise $2 billion for more Bitcoin. The trend is that institutions are buying large quantities of BTC and storing them.
Historically, the number of Bitcoin addresses that hold 1 BTC and more lagged behind BTC’s price. In the last two years this trend reversed and the number of addresses has increased faster than Bitcoins’ price. This change reflects the growing acceptance of Bitcoin and long-term confidence as more people accumulate significant amounts.
It is clear that institutional and retail investors alike are investing in Bitcoin. There are only 21,000,000 BTC to ever be produced, but there are currently 19,000,000 in circulation. This suggests that the demand for Bitcoin has increased as people try to grab their piece of this limited supply.
To access data, analytics and more details, as well as to register to receive Bitcoin Magazine Pro, please visit the official site. here.
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Source: bitcoinmagazine.com
