Retail Bitcoin Investors Buy More Coins Than Are Issued: Report
Main page News, Bitcoin

As revealed by data provided by Glassnode analysts, over the past year, the increase in total balances of investors with balances of up to 1 BTC and 1 to 10 BTC exceeded the cryptocurrency's issuance rate by 105% and 119%, respectively.

In absolute terms, balances reached an all-time high. Historically, these categories have acted as net buyers, steadily increasing savings.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

The acceleration in the pace of Bitcoin accumulation occurred in December 2021. During the previous seven months, the pace was negligible.

Adam Farthing of B2C2 has previously suggested Bitcoin must break the $25,000 mark to continue the rally, whereas Galaxy Digital founder Mike Novogratz has predicted the crypto will reach $30,000 by the end of March.

Read also:
Please describe the error
Close