Cryptocurrency

Wallets holdings of 0.1 BTC reaches all time high

Wallets holdings of 0.1 BTC reaches all time high.   The number of individuals with Bitcoin (BTC) assets of 0.1 coins or more has broken into new
Wallets holdings of 0.1 BTC reaches all time high.

The number of individuals with Bitcoin (BTC) assets of 0.1 coins or more has broken into new all-time highs.

Data obtained by a popular crypto data aggregator, Glassnode recently shows the number of Bitcoin wallets holding 0.1 BTC or more reaching a new record high of 3,054,282 — beating out May 21’s previous record by about 212 addresses.

glassnode alerts@glassnodealerts

? Number of Addresses Holding 0.1+ coins just reached an ATH of 3,054,282.000

Previous ATH of 3,054,070.000 was observed on 21 May 2020

View metric:https://studio.glassnode.com/metrics?a=BTC&m=addresses.MinPoint1Count 

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What you need to know; The smallest amount of Bitcoin is known as Satoshi, which is 0.00000001 Bitcoins. But since this number is so little, you can’t actually buy 1 Satoshi on any crypto exchange. On Coinbase, for example, the minimum amount you can purchase starts from 2 dollars.

The number of BTC wallets holding 0.1 BTC or greater has been increasing since the plunge of 2017 bull run after reaching its peak.

Meanwhile, a report released by America’s most valuable bank, JP Morgan chase, now believe Bitcoin is a store of value asset;

“Though the [bitcoin] bubble collapsed as dramatically as it inflated, bitcoin has rarely traded below the cost of production, including the very disorderly conditions that prevailed in March,” said JPMorgan experts in a report led by head of U.S. interest rate derivatives strategy Joshua Younger and cross asset research analyst Nikolaos Panigirtzoglou.


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