$113,000,000,000 in Bitcoin (BTC) being held for the long term

$113,000,000,000 in Bitcoin (BTC) being held for the long term

A total of 12.58 million Bitcoin (BTC) has not moved in over a year.

That figure, courtesy of BitInfoCharts, means investors have held on to $113 billion worth of Bitcoin, despite the currency’s volatility in the past 12 months.

The 12.58 million dormant Bitcoin represent more than two-thirds of the 18.185 million BTC currently in circulation, as well as more than half of the 21 million Bitcoin that will ever be mined.

In 2019, Bitcoin’s price swung from under $3,500 at the start of the year to nearly $14,000 in June, and then it dropped roughly 50% over the following five months. Bitcoin is currently trading around $9,200, according to CoinMarketCap. These are some long term holders!

For more information about this, check out the video discussing this topic: A discussion on Bitcoin (BTC) Long-Term holders

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If you would like to learn more about Bitcoin, check out a review of Satoshi Nakamoto’s original Bitcoin White Paper back in 2008. This was the genesis of the crypto revolution: Video review of the White Paper

Published at Thu, 30 Jan 2020 04:23:36 +0000

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