September 19, 2021

Glassnode: retail investors continue to accumulate bitcoins

According to Glassnode research company, over the past year the number of Bitcoin wallets storing as minimum 0.1 BTC, increased by 14% and reached 3 million.

“There are now over 3 million Bitcoin addresses,storing more than 0.1 BTC (current value $ 975). This is 14% more than last year, ”wrote Rafael Schultze-Kraft, co-founder and technical director of Glassnode, on the social network Twitter.

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Of course, some of these wallets belong to large players, but the trend itself shows the accumulation of the first cryptocurrency by retail traders and investors.

Bitcoin is also showing interest ininstitutional investors. Recently, Tudor BVI hedge fund manager Paul Tudor Jones said the financial institution is using the first cryptocurrency to hedge risks, and it is planned to launch bitcoin futures trading in the near future.

In addition, the other day, Adamant Capital partner Tuur Demeestr expressed the opinion that after leaving the current accumulation zone, the Bitcoin exchange rate could rise to $ 50,000.

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