Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on November 27, 2022, 01:00:35 PM

Title: Bitcoin addresses holding at least 1 BTC close in to a million
Post by: newshunter on November 27, 2022, 01:00:35 PM

Bitcoin addresses holding at least 1 BTC close in to a million

Exchange balances continue to deplete while the number of “wholecoiner” Bitcoin addresses hits new highs.

Source: Bitcoin addresses holding at least 1 BTC close in to a million (https://cointelegraph.com/news/bitcoin-addresses-holding-at-least-1-btc-close-in-to-a-million)

Would appreciate your opinion about this

Title: Re: Bitcoin addresses holding at least 1 BTC close in to a million
Post by: Noverteno on November 28, 2022, 05:59:30 PM

If there are 950,000 wallets holding at least one full bitcoin, that means that bitcoins are not concentrated in the hands of a handful of holders who can influence the market, which is good enough. I think that there are several hundred thousand more, up to half a million wallets, in which there are different numbers of bitcoin parts, up to one complete bitcoin.
Their number will increase even more if we see an increase in the price of bitcoin soon. Analysts are predicting the beginning of the bull season and the rise in the price of bitcoin to $110,000 in the near future.

Title: Re: Bitcoin addresses holding at least 1 BTC close in to a million
Post by: Bobcrypto on November 29, 2022, 02:34:46 PM

And the more the increasing numbers of holders the best for the crypto community. Cryptocurrency is better driving by larger community of users, and the more people hold Bitcoin, the better for the entire market spread and greater the scarcity which will in turn increase the prices constantly. Crypto generally required large communities to move price up, it is better own by huge numbers of people for the best returns.