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Wallets with more than 0.1 Bitcoin have reached an all-time high with increasing halving

April 25, 2020

The number of addresses with at least 0.1 Bitcoin (BTC) has exceeded the 3 million mark for the first timewhile the Hodler are preparing to cut in half.

Source: Glassnode

Source: Glassnode

Wallets with more than 0.1 Bitcoin have reached an all-time high with increasing halvingWallets with more than 0.1 Bitcoin have reached an all-time high with increasing halving

Analysts who adhere to the hypothesis of efficient markets, I believe that halving already has a price and does not significantly affect the price. However Others believe that markets are irrational and that market dynamics are best described by behavioral economics.The field was created by Danny Kahneman, a psychologist who received the Nobel Prize in Economics for his innovative work. At least for now, the latter can have an advantage.

Do you make sure that no damage is done?

Interestingly, even “halving” the Black Thursday price didn’t slow down the growth of addresses with at least 0.1 BTC. While those with 0.1 BTC cannot be identified as “whales,” This growth is likely to reflect increasing acceptance and accumulation by retail investors.

It also comes at a time when central banks around the world are flooding the economy with money. This could be an attempt by the public to protect their savings from Fiat currency depletion..

    Source: Cointelegraph, Quandl

Source: Cointelegraph, Quandl

Although Some believe it is undeniable that recent socio-economic events will have a positive impact on Bitcoinjust Time will tell if you are preparing for a bull run like 2017.

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