Bitcoin Fundamentals Show Increased Adoption and Investor Confidence
• Bitcoin Magazine PRO sees strong fundamentals in the Bitcoin network and is focused on its market dynamics in the context of macroeconomic trends.
• Unique Bitcoin addresses that hold at least 0.01, 0.1 and 1 bitcoin continue to grow, indicating an increase in adoption.
• Long-term holder supply is 72.49% of the circulating bitcoin supply, showing that a large subset of investors are accumulating the asset.
Bitcoin is an asset that has been gaining more and more traction as more individuals become interested in investing in it. Bitcoin Magazine PRO is taking a closer look at the fundamentals of the network and its market dynamics in the context of macroeconomic trends, believing that Bitcoin has the potential to become the world reserve currency.
The number of unique Bitcoin addresses that hold at least 0.01, 0.1 and 1 bitcoin can be used as an indication of adoption, and the numbers show that more people than ever before are buying Bitcoin and holding it in self-custody. This is an encouraging sign that shows that more people are starting to take an interest in the asset.
Long-term holder supply is another important metric that shows the conviction of Bitcoin investors. This is calculated using a 155-day holding period, after which it is assumed that the coins are unlikely to be spent. Currently, 72.49% of the Bitcoin in circulation is not likely to be sold at these prices, showing that a large subset of investors are accumulating the asset no matter the price.
Overall, Bitcoin Magazine PRO sees strong fundamentals in the Bitcoin network and believes that its potential as an investment opportunity is not to be understated. The growth in unique Bitcoin addresses and the increase in long-term holder supply are both promising signs that the asset is being adopted more and more and that investors are confident in its future.
