Alex Morris

Long-Term Investors Losing Interest in Bitcoin, But Still Responsible For Holding Lion’s Share of Its Supply

Bitcoin is becoming less popular with long-term investors or the so-called “hodlsters.” Nearly 32 percent of Bitcoin’s total supply is kept in active personal wallets
Long-Term Investors Losing Interest in Bitcoin, But Still Responsible For Holding Lion’s Share of Its Supply

A new report by Blockchain statistics firm Chainalysis shows that Bitcoin is becoming less popular with long-term investors or the so-called “hodlsters.” The recently published study states that nearly 32 percent of Bitcoin’s total supply is kept in active personal wallets. This might be attributed to the market crash since fewer investors are confident about the flagship currency. 

Nevertheless, companies and investors are still responsible for a lion’s share of Bitcoin’s circulation supply. Earlier, U.Today reported that only one percent of crypto whales hold almost 55 percent of Bitcoin with most of these wallets containing more than $1 mln in BTC.

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