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

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    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
Cover image via u.today

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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