Bitcoin addresses with non-zero balances exceed 44 million

It’s a remarkable milestone for the world’s first decentralized digital currency, showing that Bitcoin is growing in popularity among users around the world despite its volatility.

According to Glassnode, the number of addresses with non-zero balances has grown at an average rate of 2.5 million per year since the cryptocurrency’s inception in 2009. This trend is expected to continue in the coming years, especially as more and more people realize the benefits of cryptocurrencies and digital assets.

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Number of addresses with non-zero balance | Source: Glassnode

Experts attribute the increase in the number of Bitcoin addresses to growing interest in decentralized financial systems and a keen awareness of the benefits of holding cryptocurrencies. In addition, the good popularity of DeFi also plays a role.

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Number of addresses with balance ≥ 1 | Source: Glassnode

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Another factor contributing to the improvement of Bitcoin addresses is the increasing number of institutional and financial investors entering the crypto space. These players are seen as catalysts for the growth of the cryptocurrency market and are expected to bring stability and increase the overall adoption rate of cryptocurrencies.

The number of non-zero balance addresses passing the 44 million mark is a testament to the general popularity of Bitcoin and cryptocurrencies. With more users, more adopters, and popular institutional players, the future of Coin King looks bright, and the number of non-zero balance addresses is likely to continue to increase in the coming years.

Crypto community adopts long-term investment strategy

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Last Active Bitcoin Supply | Source: Glassnode

The Last Active Bitcoin (SLA) Supply indicator is trending upwards in the crypto world, according to the latest Glassnode data. Therefore, investors hold for longer periods of time.

The trend is similar to that seen during the 2015 bear market bottom, when the supply mix was last at an all-time high. Looking at the graph above, 66.9% of the circulating supply has not moved for at least one year, 49.88% for two years, 39.06% for three years, and 28.11% for five years. From this, we can see the trend of the long-term investment strategy of the encryption community.

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according to AZCoin News


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