The number of active sell Bitcoin (BTC) to credit card eur 2020 addresses just broke an important plateau. If history is anything to go by, this metric may indicate that we’re in for a parabolic bull run.
On May 7, the number of active Bitcoin addresses exceeded 1 million for the first time since June 2019, when the price eclipsed $13,000. Prior to that, there have only ever been this many active addresses on the network during the historic bull run in late 2017.
beybit.io talks about the benefits of Bitcoin with a veritable who’s who of industry figures, from crypto. We also see how and why big banks and governments have kicked back against the top-ranked cryptocurrency.
We then move on to Bitcoin’s explosive growth in value since the first film, and repositioning from digital cash to digital gold.
Hoff visited Jo, who had previously espoused Bitcoin as a fast and cheap method of moving money around the world, to investigate the block-size debate and eventual fork of Bitcoin Cash.
He also speaks to Blockstream’s Samson Mow, for his take on the split, along with Charlie Lee, founder of Litecoin.
The positive correlation between the number of active Bitcoin addresses and the price appears to make sense on an intuitive level. Increasing numbers of active wallets indicate greater adoption and activity on the network. This also seemingly coincides with the heightened interest in the Bitcoin halving, as captured by the number of Google searches for the term. This metric was observed on the same day as the news surfaced that even famed hedge fund manager, Paul Tudor Jones, is hailing Bitcoin as a hedge against fiat inflation Surging interest in Bitcoin to paypal exchange
One thing to note is that this data are agnostic towards the value of Bitcoin controlled by each individual address. Whether a wallet holds 1 Satoshi or 100,000 BTC, Glassnode's chart treats the data the same.
Some believe that for Bitcoin to break out of its two-and-half year slump, the asset will need an influx of new institutional liquidity.
Check Review - Bitcoin, Blockchains and the Future of the Internet. First we get an introduction to the fundamentals of Bitcoin, recapping the problems with traditional finance from the earlier film and highlighting Bitcoin’s initial stated purpose as peer-to-peer digital cash.