Bitcoin Whale Holdings Reach 2021 High Amid Inflation Fears

[Tanimariya]

The renewed buying amid rising inflation expectations across the globe suggests investment is the primary use case for bitcoin. Bitcoin whales or large investors with ample capital supply appear to be buying again as fears of inflation lurching out of control strengthen the case for investing in store of value assets.

Large investors, holding at least 1,000 BTC, snapped up 142,000 coins last week, taking the cumulative tally to nearly 200,000 BTC - the highest in 2021, blockchain analytics firm Chainalysis’ market intel report published on Tuesday said.
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