Bitcoin Dumps and ETH is Broken! Price Predictions Are Silly! | Get Rich with Crypto
According to the analytical company Chainalysis, more than half of all mined bitcoins are held in the form of long-term investments, and only 19% of coins are used for regular trading..
According to research, As of June 2020, about 18.4 million BTC were mined, but only 3.5 million are involved in active circulation.At the same time, almost 62% of all coins belong to owners who have never sold more than 25% of the total stock of their cryptocurrency. For the most part, these are companies specializing in the management and storage of assets..
The remaining 20% of bitcoins have not moved in the past five years or longer, so analysts classify them as lost. IN this group includes 1.1 million coins mined by Satoshi Nakamoto.
The analysis of the trading segment showed that, on average, 340 thousand retail traders are present on the market per week, accounting for 96% of all transactions in the network. However, everything is run by professional members who control liquidity, owning 85% of digital assets listed on exchanges..
Recently, large financial institutions are increasingly paying attention to the digital asset market, and in June 2020, the Swiss Financial Markets Supervision Authority even allowed one of the local banks work with cryptocurrency.
text: Ivan Malichenko, photo: steemitimages