The Number of Bitcoin Addresses Holding Satoshi Reaches All-Time High
The number of Bitcoin addresses holding even the lowest denomination of the cryptocurrency (satoshi) has reached an all-time high of almost 48 million. This could be attributed to the growing interest in BTC Ordinals, with inscriptions surpassing 20 million recently. Glassnode, a blockchain data and intelligence provider, has shared that BTC addresses with non-zero balances reached a new high of 47,857,099 on July 30. Before the start of this year, these wallets had plateaued at less than 40 million. However, the crypto sector experienced major collapses in H2 of last year, affecting investor sentiment.
Key Points:
– The number of Bitcoin addresses holding satoshi has reached an all-time high of nearly 48 million.
– BTC Ordinals have surpassed the milestone of 20 million inscriptions, contributing to the increase in Bitcoin addresses.
– Glassnode, a blockchain data provider, reported that BTC addresses with non-zero balances reached a new high of 47,857,099 on July 30.
– These addresses had previously plateaued at less than 40 million by the end of 2022.
– The crypto sector experienced significant collapses in H2 of last year, impacting investor sentiment.
Your Hot Take:
The increasing number of Bitcoin addresses holding even the smallest denomination of the cryptocurrency is a positive indicator of growing interest and adoption. With BTC Ordinals surpassing 20 million inscriptions, more individuals are becoming involved in the Bitcoin ecosystem. This milestone highlights the resilience of the crypto market despite challenges faced in the previous year. As the number of Bitcoin addresses continues to rise, it suggests a broader acceptance and understanding of the potential of cryptocurrencies.
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