Share of “Speculative Bitcoins” Still Close to Record High, Study Says
Cryptovest
Published Sep 24, 2018 12:06PM ET
Updated Sep 24, 2018 01:20PM ET
Share of “Speculative Bitcoins” Still Close to Record High, Study Says
More and more Bitcoins are stored in the crypto wallets belonging to active individual users rather than institutional investors and companies, new Chainalysis study found as of August 2018. The analytics firm said on Monday that about 4.8 million Bitcoin, which represents about 23% of the total coin’s supply, was held in wallets with at least some level of activity. The speculative coins, as the category was labeled, represent about a third of the total supply excluding lost coins.
Chainalysis analyzed the coins based on their liquidity and movement, and tried to find specific patterns that would define distinctive groups of investors, like speculators or holders. The firm used the same concepts that central banks and experts use to determin...
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.