BTC long-term investment

By sa1nt1 | Me | 22 Jun 2020


Hello this is my first post 

Bitcoin as a long-term investment

According to a recent analysis by Chainanalysis, the Hodlers are really plentiful and appear to hold the vast majority of coins in circulation. Up to 60% of coins (BTC 11.4 million) are held as a long-term investment. 3.7 million Bitcoins have been irretrievably lost over the years (including satoshi coins) and only 3.5 million BTCs are actively traded on stock exchanges. The remaining 2.4 million coins have not yet been mined. chananalysis It should be added that only those 3.5 million BTC are involved in pricing.

Coins that have been in wallets for a long time are practically out of circulation. The value of one Bitcoin in dollars is determined by people (traders) who prefer more frequent trading. The market for Bitcoin derivatives, which have a share in pricing, has also expanded in recent years. We expect this market to outperform spot exchanges in the future. It is also interesting to note that, according to Chainanalysis, Bitcoin resembles the gold market in this respect. Most gold is also hidden in safes, and only a small percentage is actually traded.

How do you rate this article?

1



Me
Me

Hi I can writing about crypto news every day

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.

Page not displaying correctly?