Bitcoin adoption is on the rise. According to blockchain analytics firm Glassnode, the number of addresses proving non-zero has hit an all-time high (ATH) of around 46.1 million. This is a major milestone for the cryptocurrency king after a steady increase in adoption over the past few years.
When looking at the growth rate of Bitcoin adoption over the years, Glassnode noted that as the number of non-zero addresses continued to increase, the relative growth rate decreased, but the absolute growth rate increased.
source: glass node
In Epoch 1, the growth rate was a staggering 1.3 million percent, with 1 million new addresses added. In Epoch 2, the growth rate was still very impressive at 784%, adding 8 million addresses. In Epoch 3, growth slowed to just 233%, but 21 million addresses were added. In Epoch 4, the growth rate was 54%, but still an increase of 16 million addresses.
These figures demonstrate growing interest in and demand for Bitcoin as more individuals and institutions accept the cryptocurrency as a legitimate investment and payment option. The growing number of addresses with non-zero balances is an important indicator of Bitcoin adoption and usage.
#bitcoin Reached ATH with over 46 million non-zero addresses $bitcoin https://t.co/YI5MayddEB
— Kyptos (@azcoinnews) May 7, 2023
The increase in adoption can be attributed to a variety of factors, including increased institutional adoption, mainstream media coverage, and increasing adoption of cryptocurrencies as a form of digital currency. viable investment. Additionally, the recent improving BTC price has certainly helped boost interest.
Bitcoin’s decentralized nature and limited supply make it an attractive investment option, especially for those looking for an alternative to traditional investments like stocks and bonds. promissory note. As Bitcoin acceptance grows, we are likely to continue to see more institutions and individuals embrace the leading cryptocurrency in the years to come.
All in all, the increase in Bitcoin adoption is a positive sign for the digital currency industry, and it is clear that Bitcoin is here to stay. The future of Bitcoin and other technologies looks bright as many individuals and organizations embrace the technology.
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Mingying
according to Kyptos
