Only 19% of mined Bitcoin is being traded, report claims

[Tanimariya]

New research from Chainalysis suggests that the majority of Bitcoin's circulating supply is being held long-term by investors.
Afifth of Bitcoin’s mined supply is actively traded, while the rest of its circulating supply is being held long term by investors, according to the latest report from blockchain analytics firm Chainalysis.

The company’s data asserts that only 19% of all the Bitcoin mined to date is being moved around by traders. Some 20% more, the firm said, has been lost to dead-end addresses and forgotten wallets (not to mention the six or seven-figure BTC stash belonging to Bitcoin’s pseudonymous creator Satoshi Nakamoto.)
Read more: https://decrypt.co/32806/only-19-percent-bitcoin-being-traded-report

[TomPluz]

This is just one of the many confirmatory data showing us that BTC has become like a speculative investment tool by many people. There is nothing wrong with it though as holding on to a certain coin means a vote of trust and confidence on its future.