• Bitcoin addresses holding more than 10 BTC have touched a new two-year high.
• Small Bitcoin investors have regained their optimism toward the digital asset.
• There has been a 4% increase in the number of investors that hold more than 1 BTC on their balances.
The rise of Bitcoin has been unprecedented in the world of cryptocurrency. Despite the volatile nature of the market and the numerous dips and crashes, Bitcoin continues to remain one of the most popular digital assets among investors. Just recently, the number of Bitcoin addresses holding more than 10 BTC on their balances has reached a new two-year high.
This is a significant milestone as it indicates that small investors are regaining their optimism toward the digital asset and are looking to gain a bigger slice of the pie. This is evident from the fact that there has been a 4% increase in the number of investors that hold more than 1 BTC on their balances, compared to the end of the year 2020.
The surge in the number of Bitcoin addresses holding more than 10 BTC is a clear sign that small investors are looking to take more risks and capitalize on the potential of Bitcoin. This could potentially lead to an increase in the overall demand for the digital asset, as more and more people look to enter the market.
The bullish sentiment surrounding Bitcoin could also be attributed to its limited supply. There is a finite number of Bitcoins in circulation and as demand continues to rise, the price of the digital asset is expected to go up as well. This could provide investors with an opportunity to make significant profits in the long run.
Overall, the surge in the number of Bitcoin addresses holding more than 10 BTC is a promising sign and further supports the bullish sentiment surrounding the digital asset. It is likely that more investors will join the bandwagon in the coming months as they look to capitalize on the potential of the digital asset.