Long-Term Bitcoin Investors Stick It Out as Speculator Selling Drives Prices Lower: Coinbase
— Investors, Wealth, Tracked, Coinbase, Longterm, Significant, Total, Data, Bitcoin, Slightly — 1 min read
On-chain data tracked by Coinbase Analytics shows investors now hold 77% of the total bitcoin supply of 21 million. The number is off slightly from the early January high of 80%, it is still well above the peak of 60% observed during the height of the late 2017 bull run. The data show a significant amount of wealth has been distributed from speculators or traders to investor in 3.5 years. It is still above the 60% recorded during the peak in late 2017 when the value of bitcoin was 60% during the bull run. The data shows significant wealth has now been distributed to investors in just three years. In that time, the number of investors holding bitcoin has risen to 77% in the past three years. The price of bitcoin Source