According to the new data, more than 60% of all bitcoins in circulation did not leave users` wallets since 2018, despite the first cryptocurrency growth during this year – bitcoin doubler 2x learned..
The user of social network Twitter Rhythm published the statistics about Bitcoin network work, which demonstrated that out of approximately 18,08 mln of all mined BTC, 11,58 mln (64%) hadn`t left wallets of users since 2018. Wherein, for this period Bitcoin price almost has always been growing.
“Adherents of HODL strategy are just crazy”, – Rhythm noted.
Amount of inactive BTC has sharply grown for recent years. The trend remains unchanged both during the “bull” and “bear” markets, what says about investors` desire to hold cryptocurrency, but not to spend it, independently on rate.
However, such a situation worries market experts. For instance, the other day Adam White, CEO of Bakkt, has claimed that Bitcoin must be applied in real life. He has also noted that Bitcoin acts “as the digital analogue of gold and exactly this is its application”.
Together with this, cryptocurrencies popularity continues growing. Recently it became known that the total number of BTMs in the world has reached 6 000 devices, and various companies are adding the ability to pay for their goods and services with cryptocurrencies.