Cryptographic | More Long-Term Bitcoin Investors, Are You One of Them?
Coinglass data records that the total Bitcoin (BTC) held by long-term investors has surged by about 23%. This means that investors are adopting the largest crypto asset, which is believed to be a hedge.
This surge coincided with the price movement of Bitcoin, which has reached its highest record at US$111,000. This could happen because many countries are adopting Bitcoin as a strategic reserve.
This is believed to make many investors confident in Bitcoin as a long-term asset. It is known that the total ownership of Bitcoin by long-term investors has reached 15.7 million BTC, while in 2021 it was 12.7 BTC.
Currently, the circulating amount of Bitcoin is 19.8 million BTC out of a total of 21 million. Thus, there are still 1,129,607 remaining.
Image Source: Coinglass
